Bill Status of HB5865 101st General Assembly
Short Description: MEDICAL CANNABIS FUND-EXCESS
Rep. Bob Morgan, Jonathan "Yoni" Pizer and Kelly M. Cassidy
| 1/13/2021||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Compassionate Use of Medical Cannabis Program Act. Provides that, if there is an amount in excess of $7,500,000 in the Compassionate Use of Medical Cannabis Fund on the effective date of the amendatory Act, the State Treasurer shall so certify to the Department of Public Health and the State Comptroller, and the Department of Public Health shall certify to the State Comptroller the names and addresses, as well as any other necessary information, of all medical cannabis patients who made any medical cannabis product purchase in the 180-day period preceding the effective date of the amendatory Act. Provides that the State Comptroller shall determine a refund amount by dividing the amount in excess of $7,500,000 by the number of medical cannabis patients certified by the Department of Public Health, and the State Comptroller shall disburse the refund amount to each medical cannabis patient certified by the Department of Public Health. Provides for the issuance of refunds if there is an amount in excess of $7,500,000 in the Fund on June 30, 2022 or June 30 of any subsequent year. Effective immediately.