N.Y. Comp. Codes R. & Regs. tit. 9 § 123.15

Current through Register Vol. 46, No. 36, September 4, 2024

Section 123.15 - Registered Organization Adult-Use Cultivator Processor Distributor Ownership, Interests, Business Authorizations and Prohibitions

(a) No person shall be a true party of interest in more than one (1) ROND license, or in a ROND license and an adult-use cultivator, cooperative, microbusiness, or ROD license, provided, however, a true party of interest in a ROND may simultaneously be a passive investor in any number of ROND, cultivator, cooperative, microbusiness, or ROD licenses, if such true party of interest complies with all restrictions governing such relationships, including, but not limited to, undue influence, control, and true party of interest requirements.

(b) A ROND or its true party of interest may have a goods and services agreement with an adult-use cultivator, processor, distributor, cooperative, microbusiness, ROD, or ROND license, subject to all restrictions governing such relationships, including, but not limited to, undue influence, control, and true party of interest requirements.

(c) In addition to any other restrictions or prohibitions in this Part, no ROND or its true party of interest shall be permitted to hold a direct or indirect interest, including by being a true party of interest, passive investor, or having a goods and services agreement with, or by any other means, in an adult-use retail dispensary, on-site consumption, delivery, registered organization registered under article 3 of the Cannabis Law, or cannabis laboratory licensee or permittee.

N.Y. Comp. Codes R. & Regs. Tit. 9 § 123.15

Adopted New York State Register September 27, 2023/Volume XLV, Issue 39, eff. 9/27/2023