New York State Finance Law Section 89-H - Medical marihuana trust fund.

*  89-h. Medical marihuana trust fund. 1. There is hereby established
  in  the  joint  custody of the state comptroller and the commissioner of
  taxation and finance  a  special  fund  to  be  known  as  the  "medical
  marihuana trust fund."

2.  The  medical  marihuana  trust  fund  shall  consist of all moneys
  required to be deposited in the medical marihuana trust fund pursuant to
  the provisions of section four hundred ninety of the tax law.

3. The moneys in the  medical  marihuana  trust  fund  shall  be  kept
  separate  and  shall  not  be  commingled  with  any other moneys in the
  custody of the commissioner  of  taxation  and  finance  and  the  state
  comptroller.

4.   The  moneys  of  the  medical  marihuana  trust  fund,  following
  appropriation by the legislature, shall be allocated upon a  certificate
  of  approval  of  availability by the director of the budget as follows:
  (a)  Twenty-two  and  five-tenths  percent  of  the  monies   shall   be
  transferred  to  the  counties  in  New  York state in which the medical
  marihuana was manufactured and allocated  in  proportion  to  the  gross
  sales  originating  from  medical  marihuana  manufactured  in each such
  county; (b) twenty-two and five-tenths percent of the  moneys  shall  be
  transferred  to  the  counties  in  New  York state in which the medical
  marihuana was dispensed and allocated in proportion to the  gross  sales
  occurring  in  each such county; (c) five percent of the monies shall be
  transferred to the office of alcoholism and  substance  abuse  services,
  which  shall  use  that  revenue  for  additional drug abuse prevention,
  counseling and treatment services; and (d) five percent of  the  revenue
  received  by  the  department  shall  be  transferred to the division of
  criminal justice services, which shall use that revenue for a program of
  discretionary grants to state and local law  enforcement  agencies  that
  demonstrate  a  need relating to title five-A of article thirty-three of
  the public health law; said grants could be used for personnel costs  of
  state   and  local  law  enforcement  agencies.  For  purposes  of  this
  subdivision, the city of New York shall be deemed to be a county.

* NB Repealed July 5, 2021

Last modified: February 3, 2019