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 represents a significant shift in the state's approach to cannabis regulation, aligning cannabis beverage sales with the existing framework governing alcoholic beverages. It introduces a tax on the sale or transfer of adult-use cannabis products and specifies the allocation of the resulting revenues. This structure aims to support small businesses and local municipalities, with funds directed toward the cannabis revenue fund and specific operational costs tied to the management of these sales.
Summary
Bill A10601 proposes the establishment of a low potency cannabis beverage retail permit which would allow licensed off-premises liquor and wine stores to sell cannabis beverages containing no more than 5mg of THC. This initiative aims to regulate the sale of these beverages under existing alcoholic beverage control laws. By integrating low potency cannabis product sales into already established retail outlets, the bill seeks to enhance consumer choice and generate additional tax revenue for the state.
Contention
While proponents argue that A10601 provides much-needed regulation and market integration for low potency cannabis beverages, critics may express concerns about the potential normalization of cannabis products alongside alcoholic beverages, citing public health implications. Additionally, there may be apprehensions around enforcement and compliance regarding the sale of cannabis beverages to minors, as the bill mandates strict age restrictions similar to those in place for alcohol sales.
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.
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.
Provides a licensed liquor retailer/cannabis retailer/or hemp consumable retailer that received an infused-beverage endorsement from the cannabis control commission the authorization to sell at retail THC infused beverages in accordance with this chapter.
Provides a licensed liquor retailer/cannabis retailer/or hemp consumable retailer that received an infused-beverage endorsement from the cannabis control commission the authorization to sell at retail THC infused beverages in accordance with this chapter.
JOINT RESOLUTION REQUESTING THAT THE CANNABIS CONTROL COMMISSION PROVIDE THE GENERAL ASSEMBLY WITH RECOMMENDATIONS ON LEGISLATION TO REGULATE AND LICENSE CANNABINOIDS AND HEMP-DERIVED BEVERAGES (Requests that the Cannabis Control Commission conduct a study on statutory reform and rules and regulations to regulate the sale of hemp THC-infused beverages.)
Enacts the "hemp beverage and taxation act"; defines cannabinoid hemp beverage; prohibits the sale of cannabinoid hemp beverages to persons twenty-one years of age or older; provides requirements for the product or labeling of such products; provides for offenses for persons under the age of twenty-one years who purchase or attempt to purchase a cannabinoid hemp beverage through fraudulent means and persons who procure such beverages for persons under the age of twenty-one years; imposes advertising requirements; imposes a tax on cannabinoid hemp products; provides for the disbursement of revenues collected pursuant to Article 20-e of the Tax Law.