Relates to sharing information obtained from applicants and licensees and requesting financial institutions for the purpose of consideration and compliance.
STATE OF NEW YORK
________________________________________________________________________
1047--A
2023-2024 Regular Sessions
IN SENATE
January 9, 2023
___________
Introduced by Sen. COONEY -- read twice and ordered printed, and when
printed to be committed to the Committee on Investigations and Govern-
ment Operations -- committee discharged, bill amended, ordered
reprinted as amended and recommitted to said committee
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.
LBD02681-04-3
