N.Y. CAN Law § 18

§ 18. Ethics, transparency and accountability. No member of the board\nor office or any officer, deputy, assistant, inspector or employee, or\nspouse or minor child of such member, officer, assistant, inspector or\nemployee thereof shall have any interest, direct or indirect, either\nproprietary or by means of any loan, mortgage or lien, or in any other\nmanner, in or on any premises where adult-use cannabis, medical cannabis\nor cannabinoid hemp and hemp extract is cultivated, processed,\ndistributed or sold; nor shall he or she have any interest, direct or\nindirect, in any business wholly or partially devoted to the\ncultivation, processing, distribution, sale, transportation or storage\nof adult-use cannabis, medical cannabis or cannabinoid hemp and hemp\nextract, or own any stock in any corporation which has any interest,\nproprietary or otherwise, direct or indirect, in any premises where\nadult use cannabis, medical cannabis or cannabinoid hemp and hemp\nextract is cultivated, processed, distributed or sold, or in any\nbusiness wholly or partially devoted to the cultivation, processing,\ndistribution, sale, transportation or storage of adult-use cannabis,\nmedical cannabis or cannabinoid hemp and hemp extract, or receive any\ncommission or profit whatsoever, direct or indirect, from any person\napplying for or receiving any license or permit provided for in this\nchapter, or hold any other elected public office in the state or in any\npolitical subdivision. After notice and opportunity to be heard, anyone\nfound to have knowingly violated any of the provisions of this section\nshall, after notice, be removed and shall divest themselves of such\ndirect or indirect interests, in addition to any other penalty provided\nby law.\n