Legislator: NY Passes Some Important Weed Laws, Others On Proposals ’22

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When it comes to marijuana policy, NYS Senator Diane Savino views her last term as mixed.

Senators and members of the Assembly passed five cannabis-related bills. He also included in the budget measures that allow cannabis companies to write off state tax deductions.

But lawmakers left some bills on the cutting room floor related to insurance, banking and loopholes in the Marijuana Regulation and Taxation Act, said lawmakers polled by NY Cannabis Insider.

“Probably where we’ve had success was changing the tax code to address the 280E issue,” Savino said, referring to the budget item. But “we must also recognize that you cannot have a legal, thriving, regulated market by ignoring the illegal market.”

According to Marijuana Moment’s Bill Tracker, NYS lawmakers proposed a total of 93 cannabis-related bills during the 2022 session* and made progress on some of the issues facing the state’s burgeoning legal cannabis market.

However, he also left some important issues on the table, according to Savino and two other pro-pot lawmakers. Aside from the 280E release, other highlights include the creation of conditional licenses for farmers and social justice retailers, he added. Elected officials also ignored issues like banking and policy failings in the MRTA.

Three MLAs ’22. reflect

In the months following the passage of the MRTA in March 2021, the then government. Andrew Cuomo slows key appointments to form Office of Cannabis Management and Cannabis Control Board. After Cuomo resigned amid multiple scandals, Kathy Hochul took the reins at Albany and focused on opening up the state’s legal cannabis market. This year was the first plenary session of legislation after legalization.

In addition to the budget item allowing state and federal taxes to provide state tax deductions for weed companies, Hochul signed into law creating conditional cannabis cultivation and processing licenses and providing $200 million to the state’s cannabis industry. The Social Justice Fund was established.

Sen. Jeremy Cooney, a Rochester Democrat who introduced or supported 17 weed-related bills in 22, according to Bill Tracker, said he was pleased with the measures passed. He said the cannabis industry’s banking and finance issues will be the top weed-related issues for lawmakers to address over the next year.

During the 22nd session, Connie introduced a bill that would require OCM to share information about legal cannabis companies with financial institutions for proper investigation.

“I hear frustration from the banking world saying, ‘Hey, we want to join, we want to join, but we haven’t been able to comply with the regulations and do the due diligence,'” Cooney said after the applicable laws. “I think it’s a huge disappointment that we haven’t been able to do more in this area.”

Adding to the banking woes, Connie wants to reintroduce a late-in-session bill that would make it easier to grow individual cannabis that was originally intended to serve as a community garden for personal use. I want to grow weed.

Binghamton Assembly Member Donna Lupardo also praised the 280E decoupling and the creation of the conditional license.

Lupardo, the chair of the state assembly’s agriculture committee, said she intends to refine a bill at the next session that failed this time, adding hemp to the definition of “agricultural crops.” She said it would allow marijuana farmers to receive an agricultural tax assessment, which could lower their levy.

“Right now we have farmers who are switching from one crop to another and they are used to receiving a tax assessment based on the previous crop. That goes away when they start growing cannabis,” Lupardo said. “If you are a new farmer, you are not entitled to an agricultural assessment.”

Lupardo also highlighted cannabis banking and medical patient insurance as key areas of focus during the next session. Health insurance companies do not currently cover the costs of medical cannabis.

In his last term in office before retiring from state politics, Senator Savino of Staten Island introduced or supported seven marijuana-related bills. She says lawmakers have been looking for ways to make it more difficult for gray market operators to exploit perceived loopholes in the MRTA to sell cannabis without a license. Savino – who introduced a bill aimed at closing the loopholes of the “gift” – places much of the blame on his colleagues in the assembly for not passing those measures.

“We’re with us between the two houses,” Savino said.

“The congregation is uninterested in doing anything that they believe will aid or reverse the criminalization of marijuana, and as a result they turn a blind eye to what’s happening out there: these sticker shops. Uday, the cannabis club, people exploiting what they call loopholes in the MRTA,” Savino said.

Though Savino will not return to the Senate after his term expires on Jan. 1, he said it is imperative that lawmakers next year focus on legislation that encourages participation in the legitimate market and curbs the underground market. .

“We have a very sophisticated black market, people are very happy with it,” Savino said. “As long as we ignore the illegal market, we will not succeed.”

*Method: NY Cannabis Insider analyzed Marijuana Moment’s bill tracker, which said the New York Legislature had proposed 106 cannabis bills. We then removed that number from 13 bills not specifically related to cannabis (for example, one bill decriminalizing psilocybin and another decriminalizing possession of hypodermic needles).

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