Bill > A04764

This bill proposes to eliminate two existing legal provisions related to medical cannabis in New York State: first, it repeals Section 490 of the tax law, which currently imposes an excise tax on medical cannabis, and second, it repeals Section 89-h of the state finance law that established the medical cannabis trust fund. By removing these sections, the bill would effectively end the specific tax on medical cannabis and dissolve the dedicated trust fund that was used to collect and manage those tax revenues. The immediate effect of this legislation means that as soon as the bill is signed into law, the excise tax would no longer be levied on medical cannabis sales, potentially reducing the cost of medical cannabis for patients and removing a specific financial mechanism for managing those tax proceeds. This change could impact how medical cannabis is taxed and funded in New York State.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A4764