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.
Impact
The bill is expected to create a new category of cannabis retailing in New York. By permitting the sale of low potency cannabis beverages at locations that already sell alcohol, like liquor stores, it aims to provide consumers with more accessible options while generating additional tax revenue. The revenue generated from a 13% retail tax on these beverages will be allocated to various funds, including support for small businesses and local municipalities, thereby fostering economic development in regions where these products are sold.
Summary
Bill S09220 aims to amend the cannabis law and the alcoholic beverage control law in New York by authorizing the issuance of low potency cannabis beverage retail permits. This legislation allows licensed off-premises liquor and wine stores to sell controlled low potency cannabis beverages containing no more than 5mg of THC, manufactured by state-licensed adult-use growers. In doing so, it seeks to regulate the sale of these beverages and integrate them within existing retail frameworks while ensuring compliance with state laws governing cannabis sales.
Contention
Notably, the bill raises points of contention regarding the integration of alcohol and cannabis sales. While proponents commend the bill for broadening consumer choices and enhancing revenue streams, critics are concerned about potential public health implications and the complexities of regulating cannabis within establishments already selling alcohol. Additionally, with the establishment of a new tax framework, some stakeholders discuss whether the collected revenues would adequately address any increase in social service needs related to cannabis consumption.
Same As
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.
Same As
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.