Bill Text: NY S07504 | 2023-2024 | General Assembly | Introduced

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Bill Title: Expands who can hold membership in a licensed adult-use cooperative to include persons other than natural persons.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed) 2024-06-05 - referred to economic development [S07504 Detail]

Download: New_York-2023-S07504-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          7504

                               2023-2024 Regular Sessions

                    IN SENATE

                                      June 1, 2023
                                       ___________

        Introduced  by  Sen.  BAILEY -- read twice and ordered printed, and when
          printed to be committed to the Committee on Investigations and Govern-
          ment Operations

        AN ACT to amend the cannabis law, in relation to expanding who can  hold
          membership in an adult-use cooperative license

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

     1    Section 1. Subdivision 3 of section 70 of the cannabis law is  amended
     2  to read as follows:
     3    3. A cooperative member [shall be a natural person and] shall not be a
     4  member  of more than one adult-use cooperative licensed pursuant to this
     5  section.
     6    § 2. This act shall take effect immediately.







         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11701-01-3