SB2954 amends the State Finance Act to establish the Cannabis Regulation Fund and allocate funds for various purposes.
SB2954 amends the State Finance Act to create the Cannabis Regulation Fund, which collects taxes, license fees, and other amounts related to cannabis regulation. The bill outlines specific allocations from this fund to various state funds, including the Prison Education Fund, Drug Treatment Fund, Criminal Justice Information Projects Fund, Local Government Distributive Fund, and General Revenue Fund. The fund also retains a balance of $1,000,000 for administrative costs. The bill mandates regular reviews and adjustments of allocations based on state needs.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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