Bill Status of HB4194 102nd General Assembly
Short Description: CANNABIS-THC OIL SET ASIDE
Rep. La Shawn K. Ford
| 2/18/2022||House||Rule 19(a) / Re-referred to Rules Committee|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Cannabis Regulation and Tax Act. Provides that, as a condition for the renewal of a cultivation center's license, and until January 1, 2027, a cultivation center shall set aside and offer wholesale to infuser organizations an amount of the cultivation center's monthly THC oil production. Requires the Department of Agriculture to ensure that for all cultivation centers the cumulative monthly amount of THC oil that is set aside and made available to infuser organizations is no less than specified amounts for calendar years 2022 through 2026. Requires the Department to establish a formula to establish fair THC oil set aside amount targets for each individual cultivation center in proportion to that cultivation center's production capacity. Provides that the set aside amount shall first be offered for sale exclusively to infuser organizations for a limited time. Provides that the Department shall develop a mechanism to ensure that the quality of THC oil included in a set aside amount is of consistent quality and is sold at market rates or better. Provides that the Department's administrative expenses from implementing the provisions shall be fully funded from tax revenue received by the State under the Act. Contains other provisions. Effective immediately.