What's happening
This bill requires a study on medical marijuana implementation in New York, focusing on banking, tax revenue, and employment tax issues.
Why it matters
Addresses the practical challenges. of handling money in the medical marijuana industry, including how state agencies collect, transfer, and manage tax and employment-related payments, which is often complicated by federal banking restrictions.
Seeks expert analysis. by requiring the study to be conducted by a qualified entity with experience in other, more developed state medical marijuana programs, potentially bringing best practices and lessons learned to New York.
Could influence future policy and regulatory decisions. by providing lawmakers with detailed information about operational and financial barriers, informing safer, more efficient, and compliant implementation of medical marijuana laws.
Ensures ongoing program development. since the bill makes clear that the study itself will not delay current implementation, allowing patient access and industry operations to continue while improvements are considered.
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Who cares
Headline styles
Study Medical Marijuana Finances
Plain English, a few words. Used as the page title.
Sponsors
14 Co-sponsors
3 Multi-sponsors
History
- Referred to health
- Referred to health
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Study Medical Marijuana Finances
In Senate Committee · Health · Sponsor Diane J. Savino
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
975
2019-2020 Regular Sessions
IN ASSEMBLY
January 14, 2019
Introduced by M. of A. GOTTFRIED, STIRPE, ABINANTI, NIOU, CARROLL, DINOWITZ, CRESPO, L. ROSENTHAL, LUPARDO, D'URSO, STECK, LIFTON, WEPRIN -- Multi-Sponsored by -- M. of A. COOK, DAVILA, SIMON -- 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 Assembly, do enact as follows:
Section 1. The public health law is amended by adding a new section 3369-f to read as follows:
§ 3369-f. Study. 1. The commissioner is hereby authorized and directed to study implementation of this title in regards to banking, tax revenue collection, and employment tax collection issues.
2. Such study shall include, but not be limited to examining: the method used by the department of taxation and finance to collect and transfer money relating to the business of medical marihuana; the method used by the regulating authorities to collect worker taxes, workers compensation payments, and unemployment insurance contributions; and banking opportunities for the registered organizations licensed pursuant to section thirty-three hundred sixty-five of this title.
3. This study shall be conducted by a qualified entity with experience in the regulatory implementation of and market for the medical marihuana industry in other states with programs that have developed beyond that of New York state.
4. Such study shall be completed and submitted to the legislature no later than January sixteenth, two thousand twenty.
5. Nothing in this section shall be construed to delay implementation of this title pending the outcome of this study.
§ 2. This act shall take effect immediately; provided however that the amendments made by section one of this act shall not affect the repeal of title 5-A of article 33 of the public health law and shall be deemed repealed therewith.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD03492-01-9
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.