Loading chat...

NY S05277

Bill

Official Source

Status

Engrossed

6/9/2025

Primary Sponsor

Jamaal Bailey

Click for details

Origin

Senate

2025-2026 General Assembly

AI Summary

  • Amends Section 70 of the cannabis law to remove the requirement that cooperative members must be "natural persons" (individuals)
  • Allows entities such as corporations, LLCs, or other business organizations to hold membership in adult-use cannabis cooperatives
  • Retains the existing restriction that no member can belong to more than one adult-use cooperative at a time
  • Takes effect immediately upon passage

Legislative Description

Expands who can hold membership in a licensed adult-use cooperative to include persons other than natural persons.

Last Action

referred to economic development

2/26/2026

Committee Referrals

Economic Development, Job Creation, Commerce and Industry2/26/2026
Investigations and Government Operations1/7/2026
Economic Development, Job Creation, Commerce and Industry6/9/2025
Investigations and Government Operations2/20/2025

Full Bill Text

No bill text available