New York § 89-H - 89-HMedical cannabis trust fund
Full text of New York New York Consolidated Laws § 89-H — 89-HMedical cannabis trust fund, with citation guidance and answers to common questions.
§ 89-H. 89-HMedical cannabis trust fund
* § 89-h. Medical cannabis 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 cannabis trust fund." 2. The medical cannabis trust fund shall consist of all moneys required to be deposited in the medical cannabis trust fund pursuant to the provisions of section four hundred ninety of the tax law. 3. The moneys in the medical cannabis 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 cannabis 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) fifty percent of the monies shall be transferred to the counties in New York state in which the medical cannabis was manufactured and allocated in proportion to the gross sales originating from medical cannabis manufactured in each such county; and (b) fifty percent of the moneys shall be transferred to the counties in New York state in which the medical cannabis was dispensed and allocated in proportion to the gross sales occurring in each such county. For purposes of this subdivision, the city of New York shall be deemed to be a county. * NB Repealed July 5, 2028
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 89-H
What does New York Consolidated Laws § 89-H cover?
Section 89-H ("89-HMedical cannabis trust fund") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 89-H?
A common citation format is "New York Consolidated Laws § 89-H" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 89-H apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.