STATE OF NEW YORK
________________________________________________________________________
11510
IN ASSEMBLY
May 28, 2026
___________
Introduced by COMMITTEE ON RULES -- (at request of M. of A. Peoples-
Stokes) -- read once and referred to the Committee on Economic Devel-
opment
AN ACT to amend the cannabis law, in relation to adult-use retail
dispensary naming rights agreements
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 2 of section 72 of the cannabis law is amended
2 to read as follows:
3 2. No person may have a direct or indirect financial or controlling
4 interest in more than three adult-use retail dispensary licenses issued
5 pursuant to this chapter. For the purposes of this section, "direct or
6 indirect financial or controlling interest" shall include but not be
7 limited to naming rights agreements between adult-use retail dispensary
8 licensees, provided however, that adult-use retail dispensary licensees
9 may enter into no more than five adult-use retail dispensary naming
10 rights agreements.
11 § 2. This act shall take effect immediately; provided, however, that
12 any retail dispensary licensees with adult-use retail dispensary naming
13 rights agreements that are in violation of subdivision 2 of section 72
14 of the cannabis law, as amended by section one of this act, shall have
15 180 days from the effective date of this act to comply with the
16 provisions of this act.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD15776-01-6
