“Last year, in 2017, 72,000 Americans OD’d [overdosed] on drugs. In 2018, more people than that are OD-ing on drugs, have OD’d on drugs, and today, incidentally, we are trying to legalize another addictive narcotic, which is perhaps the stupidest thing anybody has ever done," he said, according to WBNG.com.

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"We’ve got to fight that, and that’s another thing that Bloomberg Philanthropies will work on it in public health," he added.

Ten states and Washington, D.C., have each already legalized recreational marijuana.

Bloomberg's dismissal of the idea comes after New York Gov. Andrew Cuomo (D) has pushed for legalizing the recreational use of marijuana in New York.

"We must also end the needless and unjust criminal convictions and the debilitating criminal stigma, and let’s legalize the adult use of recreational marijuana once and for all,” Cuomo said in a speech last month outlining his plans for the first 100 days of his new term.