A07388 Summary:
| BILL NO | A07388 |
| SAME AS | SAME AS S01047-A |
| SPONSOR | Peoples-Stokes |
| COSPNSR | |
| MLTSPNSR | |
| Amd 11, Cannabis L | |
| Relates to sharing information obtained from applicants and licensees and requesting financial institutions for the purpose of consideration and compliance. | |
A07388 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 7388 2023-2024 Regular Sessions IN ASSEMBLY May 19, 2023 ___________ Introduced by M. of A. PEOPLES-STOKES -- read once and referred to the Committee on Banks AN ACT to amend the cannabis law, in relation to sharing information obtained from applicants and licensees The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 11 of the cannabis law is amended by adding a new 2 subdivision 16 to read as follows: 3 16. To share any and all information obtained from applicants and 4 licensees, as defined in section three of this chapter, to requesting 5 financial institutions for the purpose of consideration and compliance, 6 with the consent of such applicants and licensees. 7 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD02681-05-3