While Governor Cuomo signed into law the country’s most ridiculous Medical Marijuana legislation yesterday (video above) , Washington is entering a fast-growing market that’s already generating tens of millions of dollars in taxes with no signs of slowing down.

For months, Colorado has borne the brunt of late-night comedians’ marijuana jokes, but for state taxpayers, marijuana legalization is no laughing matter. Colorado already has collected more than $24 million in marijuana taxes and fees as residents and tourists buy pot at state-licensed stores. Washington state expects to collect $190 million over the next four years, according to government projections.

 

So until our elected officials in New York State pull their heads out of their asses, here’s what you need to know about New York State’s Medical Marijuana Bill:

Medical Marijuana Reserved for Patients with Serious Conditions:

To ensure medical marijuana is available only to patients with serious conditions who can most benefit from the treatment, the law establishes a certification and registry process for physicians to administer the drug.

To be prescribed medical marijuana, a patient must receive a certification from a licensed practitioner who must register with the Department of Health and be qualified to treat the serious condition for which the patient is seeking treatment. The serious conditions for which medical marijuana can be prescribed are cancer, HIV/AIDS, ALS (Lou Gehrig’s Disease), Parkinson’s Disease, multiple sclerosis, damage to the nervous tissue of the spinal cord with objective neurological indication on intractable spasticity, epilepsy, inflammatory bowel disease, neuropathies, Huntington’s Disease, or as added by the DOH commissioner.

To ensure medical marijuana is in the hands of only individuals in need and their health care provider, Registry Identification Cards will be issued by DOH to certified patients. The card will contain any recommendation or limitation on form or dosage imposed by the practitioner as well as other information. The Department will be able to suspend or revoke the card of a patient who willfully violates any provision of the new law.

Health insurers will not be required to provide coverage for medical marijuana.

Administering Medical Marijuana Safely:

Any form of medical marijuana not approved by the Department of Health is prohibited, and under no circumstances will smoking be allowed. DOH will issue guidelines regulating the allowed dosage amounts, and patients will not be allowed to possess an amount of medical marijuana in excess of a 30 day supply. Additionally, the patient will be required to keep the medical marijuana in the original packaging in which it was dispensed.

The law puts in place a process for patients to obtain, and manufacturers to dispense medical marijuana. Organizations seeking to manufacture or distribute medical marijuana must be registered with DOH and conform to a specific list of requirements. Registration will be valid for two years at a time, renewable, and subject to revocation. Registered organizations will be required to comply with strict security and record keeping requirements. The law allows for five registered organizations that can each operate up to four dispensaries statewide. Registration identifications and registrations for organizations will be issued no later than 18 months after the effective date of the bill, unless DOH or the Superintendent of State Police certifies that the new program could not be implemented in accordance with public health and safety interests.

Registered organizations will be able to dispense medical marijuana to individuals who present a registry identification card. The organization will not be able to dispense an amount greater than a thirty day supply to a patient. The medical marijuana will be dispensed in a sealed and properly labeled package with a safety insert included. All manufacturing and dispensing of medical marijuana by registered organizations will take place in New York and registered organizations will contract with an independent laboratory to test the medical marijuana.

Tough Penalties for Individuals and Physicians Who Abuse Medical Marijuana Program

The law makes it a Class E felony for a practitioner to certify an individual as eligible to facilitate the possession of medical marijuana if he or she knows or reasonably should know the person who is asking for it has no need for it. The law also makes it a misdemeanor for recipients of medical marijuana to sell or trade the medical marijuana, or retain beyond what is needed for treatment the marijuana for their own use or the use of others.

Distribution of Tax Revenue from Medical Marijuana

The law puts in place a 7 percent excise tax on every sale of medical marijuana by a registered organization to a certified patient or designated caregiver. Proceeds from the excise tax will be allocated as follows: 22.5% to the county in New York state in which the medical marijuana was manufactured; 22.5% to the county in New York state in which the medical marijuana was dispensed; 5% to the State Office of Alcoholism and Substance Abuse Services to be used for additional drug abuse prevention, counseling and treatment services; and 5% to the Division of Criminal Justice Services to support law enforcement measures related to this law.

The law grants DOH the authority to issue any necessary regulations to implement the state’s medical marijuana program, as well as set a price. The Governor will also be allowed to suspend or terminate any provisions of the program based on the recommendations of the Commissioner or Superintendent.

The bill will take effect immediately and sunset in seven years.

 

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