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Assembly Bill A11510

2025-2026 Legislative Session

Relates to adult-use retail dispensary naming rights agreements

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Current Bill Status - In Assembly Committee

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2025-A11510 (ACTIVE) - Details

Current Committee:
Assembly Economic Development
Law Section:
Cannabis Law
Laws Affected:
Amd §72, Cannabis L

2025-A11510 (ACTIVE) - Summary

Limits an adult-use retail dispensary licensee to no more than five adult-use retail dispensary naming rights agreements.

2025-A11510 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   11510
 
                           I N  A S S E M B L Y
 
                               May 28, 2026
                                ___________
 
 Introduced  by  COMMITTEE  ON  RULES -- (at request of M. of A. Peoples-
   Stokes) -- read once and referred to the Committee on Economic  Devel-
   opment
 
 AN  ACT  to  amend  the  cannabis  law,  in relation to adult-use retail
   dispensary naming rights agreements
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1. Subdivision 2 of section 72 of the cannabis law is amended
 to read as follows:
   2. No person may have a direct or indirect  financial  or  controlling
 interest  in more than three adult-use retail dispensary licenses issued
 pursuant to this chapter. FOR THE PURPOSES OF THIS SECTION,  "DIRECT  OR
 INDIRECT  FINANCIAL  OR  CONTROLLING  INTEREST" SHALL INCLUDE BUT NOT BE
 LIMITED TO NAMING RIGHTS AGREEMENTS BETWEEN ADULT-USE RETAIL  DISPENSARY
 LICENSEES,  PROVIDED HOWEVER, THAT ADULT-USE RETAIL DISPENSARY LICENSEES
 MAY ENTER INTO NO MORE THAN  FIVE  ADULT-USE  RETAIL  DISPENSARY  NAMING
 RIGHTS AGREEMENTS.
   §  2.  This act shall take effect immediately; provided, however, that
 any retail dispensary licensees with adult-use retail dispensary  naming
 rights  agreements  that are in violation of subdivision 2 of section 72
 of the cannabis law, as amended by section one of this act,  shall  have
 180  days  from  the  effective  date  of  this  act  to comply with the
 provisions of this act.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15776-01-6

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