A04306 Summary:
| BILL NO | A04306 |
| SAME AS | SAME AS S05277 |
| SPONSOR | Dinowitz |
| COSPNSR | |
| MLTSPNSR | |
| Amd §70, Cannabis L | |
| Expands who can hold membership in a licensed adult-use cooperative to include persons other than natural persons. | |
A04306 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 4306 2025-2026 Regular Sessions IN ASSEMBLY February 4, 2025 ___________ Introduced by M. of A. DINOWITZ -- read once and referred to the Commit- tee on Economic Development 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. LBD08261-01-5