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NY S03151
Bill
Status
1/23/2025
Primary Sponsor
Jeremy Cooney
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AI Summary
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Increases the State Cannabis Advisory Board from 13 to 17 voting members, with the governor's appointments rising from 7 to 11, and requires the board to include one retailer, one certified patient, one service-disabled veteran, and one supply tier licensee from impacted communities
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Requires registered organizations (medical cannabis operators) to pay a $20 million one-time licensing fee to obtain adult-use cannabis licenses, with $5 million due upon licensure and $1 million thereafter for every $20 million in revenue until paid in full or December 31, 2032
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Mandates at least 50% of collected fees be administered as grants or zero/low-interest loans to conditional adult-use retail dispensary licensees, with prepayment allowed without penalty
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Sets staggered retail opening dates for registered organizations' co-located dispensaries: first location December 29, 2025; second January 1, 2026; third April 1, 2026
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Requires the Office of Cannabis Management to approve, deny, or request additional information on conditional retail dispensary location submissions within 30 days or the location is automatically approved, and prohibits the board from establishing setback requirements beyond the statutory 500 feet from schools and 200 feet from houses of worship
Legislative Description
Enacts the "cannabis adult-use transition act"; increases the number of members on the state cannabis advisory board from thirteen to seventeen voting appointed members; provides that an eligible registered organization shall be authorized as a registered organization adult-use cultivator processor distributor retail dispensary upon approval of an application to the office of cannabis management that must be available to such registered organizations no later than August first, two thousand twenty-five and remain available thereafter; provides that the office must approve or deny such application within thirty days of its submission or it shall be deemed approved; makes related provisions.
Last Action
REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
1/7/2026