A05647
IntroducedNYEstablishes the Cannabis Community Reinvestment Act; includes requirements for cannabis operators; includes the obligation to reinvest in communities disproportionately impacted by cannabis prohibition including, if applicable, the community such operator is located in; provides for the review of reinvestment plans by the department of financial services.
New York · Session 2025
Status
Introduced
As of Feb 19, 2025
Last Action
referred to economic development
Official Source
Official Full Bill TextSummary
A New York bill referred to the Economic Development committee would establish the Cannabis Community Reinvestment Act, requiring cannabis operators to develop and submit plans to reinvest in communities disproportionately impacted by cannabis prohibition. Cannabis operators would face new administrative obligations, including the creation and regulatory review of community reinvestment plans by the Department of Financial Services.
What
A New York bill referred to the Economic Development committee would establish the Cannabis Community Reinvestment Act, requiring cannabis operators to develop and submit plans to reinvest in communities disproportionately impacted by cannabis prohibition.
Who
retailers and cultivators and labs
Why
Cannabis operators would face new administrative obligations, including the creation and regulatory review of community reinvestment plans by the Department of Financial Services.
Want to advertise here?
Get your business listed on buyweed.us
Get Listed
Ad Space Available
Want to advertise here?
Get your business listed on buyweed.us
Get Listed
Ad Space Available
More New York Cannabis Bills
- S10643Relates to labor peace agreements and the cannabis industry wage board.In Committee
- S00845Prohibits drug, cannabis or alcohol testing of pregnant or postpartum individuals and newborns unless the individual consents and it is within the scope of medical care, or the testing is necessary for a medical emergency.In Committee
- A11562Relates to labor peace agreements and the cannabis industry wage board.Introduced
- A10698Enacts the "cannabis supply chain integrity and anti-inversion act"; prohibits any act or omission involving illicit cannabis; provides penalties for such cannabis inversion.In Committee
- A11122Requires applicants for a permit, registration, or license issued by the cannabis control board to report any relevant law enforcement interactions that occur during the application review process; provides for automatic denial of such application for failure to make such report.Introduced
- S09924Expands available enforcement actions by the office of cannabis management.Introduced
- S09627Authorizes certain patients who are terminally ill to use medical cannabis at hospitals and nursing homes.Introduced
- A10659Requires the state comptroller, the attorney general and independent certified public accountants to conduct an annual audit of the office of cannabis management.Introduced
- A10601Authorizes 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.Introduced
- A10191Authorizes 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.Introduced
- A10009Enacts into law major components of legislation which are necessary to implement the state fiscal plan for the 2026-2027 state fiscal year; sets forth a child and dependent care credit for taxable years beginning on or after January 1, 2026 (Part A); excludes up to twenty-five thousand dollars in qualified tips earned from New York adjusted gross income (Part B); retains the deductibility of certain charitable contributions (Part C); standardizes the definition of farmer for various tax credits (Part D); extends the current corporate tax rates (Part E); provides for exemptions from calculation of income in certain cases, provided such exemptions were not already applied in the calculation of income under federal provisions (Part F); relates to the treatment of certain deductions allowable under the internal revenue code in calculating New York city taxable income for corporations for taxable years beginning after December 31, 2024 (Part G); extends provisions of law relating to the commercial security tax credit from January 1, 2026 until January 1, 2029 (Part I); enhances the New York city musical and theatrical production credit (Part J); defines the term "alternative nicotine product"; makes provisions relating to the possession for sale, sale, and taxation of alternative nicotine products (Part K); extends the real estate transfer tax rate reduction for conveyances of real property to existing real estate investment funds (Part M); directs the commissioner of taxation and finance to establish a sales and use tax reregistration program and a sales and use tax penalty and interest discount program (Part N); extends the sales tax exemption for vending machines (Part P); extends the residential energy storage sales tax exemption for two years (Part Q); relates to the petroleum business tax filing deadline for commercial vessel operators (Part R); extends the alternative fuels tax exemptions (Part S); makes technical corrections to the STAR exemption and STAR credit programs (Part T); extends the assessment ceiling for local public utility mass real property to January 1, 2031; clarifies the powers of the state board of real property tax services (Part U); relates to rent exemptions and rent increase exemptions and property tax exemptions for certain persons; extends provisions of law relating thereto (Subpart A); provides notice to tenants regarding rent increase exemptions (Subpart B)(Part V); conforms pari-mutuel tax provisions; makes technical corrections (Part W); extends the utilization of funds in off-track betting corporations' capital acquisition funds (Part X); extends certain provisions of law relating to licenses for simulcast facilities, sums relating to track simulcast, simulcast of out-of-state thoroughbred races, simulcasting of races run by out-of-state harness tracks, distributions of wagers, and the imposition of certain taxes related thereto (Part Y); extends certain seasonal employee licensing requirements for additional race dates at Saratoga Racetrack for the year 2026 (Part Z); excludes certain distributions on federal elections for the purposes of calculating federal adjusted gross income (Part AA); relates to tax credits for donations to food pantries made by farmers (Part BB); relates to the sales tax exemption for meal donations; authorizes students to donate unused meal funds, meals or meal points to other students enrolled in such school, college or university who are facing food insecurity; extends the authorization of such sales tax exemption (Part CC); establishes additional qualifications for the board members of regional off-track betting corporations (Part DD); relates to the real property tax exemption for disabled veterans (Part EE); establishes a protecting our wallets energy rebate (POWER) credit (Part FF); relates to standardbred total carbon dioxide (TCO2) on-track drug testing (Part GG); authorizes a city having a population of one million or more to impose a surcharge on property that does not serve as a primary residence (Part HH); authorizes additional vendor fees to vendor tracks and video lottery gaming facilities; directs the gaming commission to conduct a study on video lottery terminal vendor fees and commercial casino tax rates (Part II); extends the duration of certain brownfield redevelopment and remediation tax credits with respect to certain sites (Part JJ).Introduced
- A09622Relates to requirements for advertising of cannabis licensees, products or services on billboards; limits information that may appear on billboards; prohibits billboard advertising by a cannabis licensee is a city with a population of one million or more.Introduced
LEGISLATIVE DATA PROVIDED BY LEGISCAN · LICENSED UNDER CC BY 4.0 · UPDATED Aug 18, 2026