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.
What happened: A New York bill would authorize licensed off-premises liquor and wine stores to obtain a retail permit to sell low-potency single-use cannabis beverages containing no more than 5mg THC, manufactured by state adult-use licensees, with tax revenue directed to the cannabis revenue fund; it has been referred to the economic development committee.
Why it matters: Allowing liquor and wine stores to sell low-potency cannabis beverages would expand the retail distribution channel for adult-use cannabis beverage producers and introduce new competition for existing cannabis retailers.
Affects: retailers and cultivators
Legislative data via LegiScan, licensed under CC BY 4.0. Summaries and categorization by CannaSignal. Regulatory information, not legal advice.