STATE OF NEW YORK
________________________________________________________________________
4250
2017-2018 Regular Sessions
IN ASSEMBLY
February 2, 2017
___________
Introduced by M. of A. GOTTFRIED -- read once and referred to the
Committee on Health
AN ACT to amend the public health law, in relation to requiring a study
of the implementation of medical marihuana in regards to banking, tax
revenue collection, and employment tax collection issues
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The public health law is amended by adding a new section
2 3369-f to read as follows:
3 § 3369-f. Study. 1. The commissioner is hereby authorized and directed
4 to study implementation of this title in regards to banking, tax revenue
5 collection, and employment tax collection issues.
6 2. Such study shall include, but not be limited to examining: the
7 method used by the department of taxation and finance to collect and
8 transfer money relating to the business of medical marihuana; the method
9 used by the regulating authorities to collect worker taxes, workers
10 compensation payments, and unemployment insurance contributions; and
11 banking opportunities for the registered organizations licensed pursuant
12 to section thirty-three hundred sixty-five of this title.
13 3. This study shall be conducted by a qualified entity with experience
14 in the regulatory implementation of and market for the medical marihuana
15 industry in other states with programs that have developed beyond that
16 of New York state.
17 4. Such study shall be completed and submitted to the legislature no
18 later than January sixteenth, two thousand eighteen.
19 5. Nothing in this section shall be construed to delay implementation
20 of this title pending the outcome of this study.
21 § 2. This act shall take effect immediately; provided however that the
22 amendments made by section one of this act shall not affect the repeal
23 of title 5-A of article 33 of the public health law and shall be deemed
24 repealed therewith.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD02576-01-7
