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S05277 Summary:

BILL NO	S05277
SAME AS	SAME AS A04306
SPONSOR	BAILEY
COSPNSR
MLTSPNSR
Amd §70, Cannabis L
Expands who can hold membership in a licensed adult-use cooperative to include persons other than natural persons.

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S05277 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          5277
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                    February 20, 2025
                                       ___________
 
        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.
                                                                   LBD08261-01-5

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