HB1023 allocates funds from the Cannabis Regulation Fund to various state funds for specific purposes.
HB1023 amends the State Finance Act to establish the Cannabis Regulation Fund. It allocates funds from this fund to various state funds for purposes including public health education, substance abuse treatment, criminal justice programs, and expungement of minor cannabis offenses. The fund is also used to address economic development, violence prevention, and re-entry services. The bill specifies the percentages of funds to be transferred to different funds and mandates that these transfers occur monthly. The Cannabis Regulation Fund retains a balance of $1,000,000 for administrative costs.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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