Bill Status of HB5827 98th General Assembly
Short Description: CANNABIS PILOT PGRM-TAXES
Rep. John D. Cavaletto
| 12/3/2014||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Compassionate Use of Medical Cannabis Pilot Program Act. Imposes (1) an additional tax upon the privilege of cultivating medical cannabis at the rate of 50% of the sales price per ounce, (2) a tax upon the privilege of dispensing medical cannabis at a rate of 25% of the sales price per ounce, and (3) a tax upon the privilege of using medical cannabis at a rate of 15% of the sales price per ounce. Provides that proceeds from the taxes shall be deposited into the General Revenue Fund and specifies the manner in which the proceeds shall be used.