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S03040 Summary:

BILL NOS03040C
 
SAME ASSAME AS A03506-C
 
SPONSORKRUEGER
 
COSPNSRALCANTARA, BAILEY, COMRIE, DILAN, GIANARIS, HAMILTON, HOYLMAN, MONTGOMERY, PARKER, PERALTA, RIVERA, SEPULVEDA, SERRANO
 
MLTSPNSR
 
Amd Various Laws, generally
 
Enacts the "marihuana regulation and taxation act"; relates to the description of marihuana, and the growing of and use of marihuana by persons twenty-one years of age or older; makes technical changes regarding the definition of marihuana; relates to the qualification of certain offenses involving marihuana and exempts certain persons from prosecution for the use, consumption, display, production or distribution of marihuana; provides for the licensure of persons authorized to produce, process and sell marihuana; levies an excise tax on certain sales of marihuana; repeals certain provisions of the penal law relating to the criminal sale of marihuana and provisions of the general business law relating to drug paraphernalia; creates the New York state marihuana revenue fund, the New York state community grants reinvestment fund, and the marihuana microbusiness and marihuana license revolving loan fund; makes an appropriation therefor.
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