Establishes the Local Government Cannabis Revenue Fund and allocates 12% of cannabis sales and excise tax revenue to qualifying municipalities.
This bill creates the Local Government Cannabis Revenue Fund to distribute 12% of cannabis sales and excise tax revenue to municipalities where cannabis establishments operate. The fund aims to offset local costs related to cannabis regulation and enforcement. The revenue is transferred monthly by the State Controller and distributed by the Treasurer of State, less administrative costs. The fund is intended to assist municipalities that have adopted ordinances or warrant articles allowing cannabis establishments.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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