Bill Text: NY S02567 | 2023-2024 | General Assembly | Introduced

---

Bill Title: Requires a study of the implementation of medical marihuana in regards to banking, tax revenue collection, and employment tax collection issues.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-01-03 - REFERRED TO HEALTH [S02567 Detail]

Download: New_York-2023-S02567-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________

                                          2567

                               2023-2024 Regular Sessions

                    IN SENATE

                                    January 23, 2023
                                       ___________

        Introduced  by  Sen.  COONEY -- read twice and ordered printed, and when
          printed to be committed to the Committee on Health

        AN ACT to amend the public health law, in relation to requiring a  study
          of  the implementation of medical marihuana in regards to banking, tax
          revenue collection, and employment tax collection issues

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  Section  3369-e  of  the  public health law is renumbered
     2  3369-f and a new section 3369-e is added to read as follows:
     3    § 3369-e. Study. 1. The commissioner is hereby authorized and directed
     4  to study implementation of this title in regards to banking, tax revenue
     5  collection, and employment tax collection issues.
     6    2. Such study shall include, but not  be  limited  to  examining:  the
     7  method  used  by  the  department of taxation and finance to collect and
     8  transfer money relating to the business of medical marihuana; the method
     9  used by the regulating authorities  to  collect  worker  taxes,  workers
    10  compensation  payments,  and  unemployment  insurance contributions; and
    11  banking opportunities for the registered organizations licensed pursuant
    12  to section thirty-three hundred sixty-five of this title.
    13    3. This study shall be conducted by a qualified entity with experience
    14  in the regulatory implementation of and market for the medical marihuana
    15  industry in other states with programs that have developed  beyond  that
    16  of New York state.
    17    4.  Such  study shall be completed and submitted to the legislature no
    18  later than January sixteenth, two thousand twenty-four.
    19    5. Nothing in this section shall be construed to delay  implementation
    20  of this title pending the outcome of this study.
    21    § 2. This act shall take effect immediately; provided however that the
    22  amendments  to  title 5-A of article 33 of the public health law made by
    23  section one of this act shall not affect the repeal of such title    and
    24  shall be deemed repealed therewith.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06520-01-3