N.Y. Cannabis Law § 18: Ethics, transparency and accountability

§ 18. Ethics, transparency and accountability. No member of the board

or office or any officer, deputy, assistant, inspector or employee, or

spouse or minor child of such member, officer, assistant, inspector or

employee thereof shall have any interest, direct or indirect, either

proprietary or by means of any loan, mortgage or lien, or in any other

manner, in or on any premises where adult-use cannabis, medical cannabis

or cannabinoid hemp and hemp extract is cultivated, processed,

distributed or sold; nor shall he or she have any interest, direct or

indirect, in any business wholly or partially devoted to the

cultivation, processing, distribution, sale, transportation or storage

of adult-use cannabis, medical cannabis or cannabinoid hemp and hemp

extract, or own any stock in any corporation which has any interest,

proprietary or otherwise, direct or indirect, in any premises where

adult use cannabis, medical cannabis or cannabinoid hemp and hemp

extract is cultivated, processed, distributed or sold, or in any

business wholly or partially devoted to the cultivation, processing,

distribution, sale, transportation or storage of adult-use cannabis,

medical cannabis or cannabinoid hemp and hemp extract, or receive any

commission or profit whatsoever, direct or indirect, from any person

applying for or receiving any license or permit provided for in this

chapter, or hold any other elected public office in the state or in any

political subdivision. After notice and opportunity to be heard, anyone

found to have knowingly violated any of the provisions of this section

shall, after notice, be removed and shall divest themselves of such

direct or indirect interests, in addition to any other penalty provided

by law.