Enacts the "marihuana regulation and taxation act"; relates to the description of cannabis, and the growing of and use of cannabis by persons twenty-one years of age or older; makes technical changes regarding the definition of cannabis; relates to removing certain references to marijuana relating to forfeiture actions; relates to the qualification of certain offenses involving cannabis and exempts certain persons from prosecution for the use, consumption, display, production or distribution of cannabis; relates to the definition of smoking; provides for the licensure of persons authorized to produce, process and sell marihuana; levies an excise tax on certain sales of cannabis; repeals certain provisions of the penal law relating to the criminal sale of cannabis and provisions of the general business law relating to drug paraphernalia; creates the New York state cannabis revenue fund, the New York state drug treatment and public education fund and the New York state community grants reinvestment fund.

Statutes affected:
S854: 1399-n public health law, 1399-n(8) public health law, 1399-q public health law, 3397-b public health law, 3397-b(1) public health law, 114-a vehicle and traffic law, 1192 vehicle and traffic law, 1192(1) vehicle and traffic law, 49-a navigation law, 49-a(5-a) navigation law, 220.00 penal law, 220.00(9) penal law, 220.00(5) penal law, 220.06 penal law, 220.06(4) penal law, 220.09 penal law, 220.09(10) penal law, 220.34 penal law, 220.34(3) penal law, 220.00(6) penal law, 170.56 criminal procedure law, 170.56(1) criminal procedure law, 89-f general business law, 89-f(13) general business law, 995 executive law, 995(7) executive law, 1194 vehicle and traffic law, 1194(2) vehicle and traffic law, 171-a tax law, 171-a(1) tax law, 490 tax law, 1115 tax law, 102 alcoholic beverage control law, 220.78 penal law, 260.20 penal law, 260.20(1) penal law, 89-h state finance law