Connecticut SB00059 replaces the cannabis tax based on total THC with a flat excise tax.
Connecticut SB00059 amends chapter 214c of the general statutes to change the cannabis tax from one based on total THC to a flat excise tax. This bill aims to simplify the tax structure for cannabis products by eliminating the need to calculate tax based on THC content. The new flat excise tax applies uniformly to all cannabis products, regardless of their THC levels.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.