Authorizes funds in the New York state cannabis revenue fund to be used for reasonable costs of implementing track and tracing of product programs.
Summary
S08264 amends the State Finance Law provision governing the New York State Cannabis Revenue Fund. Under current law, money in that fund may be used to cover reasonable costs incurred by the Office of Cannabis Management and the Cannabis Control Board in implementing, administering, and enforcing the Marihuana Regulation and Taxation Act. This bill expands that authorized use to expressly include the costs of implementing track-and-trace product programs.
Track-and-trace systems are used to monitor cannabis products as they move through the regulated supply chain, from cultivation and processing to distribution and retail sale. By adding this language, the bill would make clear that cannabis revenue fund dollars may be spent on the technology and administrative expenses associated with product tracking, which is generally intended to support regulatory oversight, product safety, and tax compliance.
Impact
The bill would amend section 99-ii of the State Finance Law, broadening the permissible uses of the New York State Cannabis Revenue Fund. It does not create a new program or tax, but it authorizes existing cannabis-related revenue to be used for track-and-trace implementation costs by the Office of Cannabis Management and the Cannabis Control Board. The practical effect is to support cannabis supply-chain monitoring and enforcement infrastructure within the state’s regulated marijuana market.
Sentiment
No committee transcript or vote record was provided, so there is no direct evidence of debate, support, or opposition in the available materials. Based on the bill text and caption, the measure appears technical and administrative in nature, aimed at strengthening cannabis regulation rather than changing policy direction. The overall tone of the bill is neutral and operational, focused on funding regulatory tools.
Contention
The main potential point of contention is whether cannabis revenue fund dollars should be earmarked for track-and-trace systems, which may be viewed as a necessary compliance tool by regulators and industry supporters but as an additional administrative expense by critics concerned about fund allocation. Another possible issue is the scope of the phrase "including, but not limited to," which gives the Office of Cannabis Management flexibility to spend on related implementation costs beyond track-and-trace. No specific objections or named opponents appear in the provided record.
Same As
Authorizes the office of cannabis management and cannabis control board to establish a track and trace program; requires certain tracking requirements on cannabis sold within the state.
Authorizes the office of cannabis management and cannabis control board to establish a track and trace program; requires certain tracking requirements on cannabis sold within the state.
Authorizes the issuance of a low potency cannabis beverage retail permit to licensed off-premises liquor and wine stores to allow the regulated sale of low potency cannabis single use beverages that contain no more than 5mg of THC manufactured by New York state adult-use licensees; provides for the allocation of low potency cannabis beverage tax revenue in the New York state cannabis revenue fund.
Authorizes the issuance of a low potency cannabis beverage retail permit to licensed off-premises liquor and wine stores to allow the regulated sale of low potency cannabis single use beverages that contain no more than 5mg of THC manufactured by New York state adult-use licensees; provides for the allocation of low potency cannabis beverage tax revenue in the New York state cannabis revenue fund.
Authorizes the issuance of a low potency cannabis beverage retail permit to licensed off-premises liquor and wine stores to allow the regulated sale of low potency cannabis single use beverages that contain no more than 5mg of THC manufactured by New York state adult-use licensees; provides for the allocation of low potency cannabis beverage tax revenue in the New York state cannabis revenue fund.
Prohibits the cultivation, processing, distribution and sale of edible cannabis products, flavored cannabis vape cartridges and other flavored cannabis products; prohibits the use of food-related names in the labeling or packaging of cannabis products; prohibits the use of food-related names in the advertisement of cannabis products.
Increases taxes imposed on alcoholic beverages; authorizes twenty percent of tax revenues to be allocated to the New York state drug treatment and public education fund.
Increases taxes imposed on alcoholic beverages; authorizes twenty percent of tax revenues to be allocated to the New York state drug treatment and public education fund.
Provides that state-funded SUNY programs shall be reimbursed at no less than 26% of the direct costs; allows state agencies to fund SUNY programs where such state agencies determine that such program would produce administrative efficiencies or cost savings.
An Act to Institute Testing and Tracking of Medical Use Cannabis and Cannabis Products Similar to Adult Use Cannabis and Cannabis Products, Dedicate a Portion of the Adult Use Cannabis Sales and Excise Tax to Medical Use Cannabis Programs and Create a Study Group
Provides that state-funded SUNY programs shall be reimbursed at no less than 26% of the direct costs; allows state agencies to fund SUNY programs where such state agencies determine that such program would produce administrative efficiencies or cost savings.