Ohio SB240 authorizes counties to levy an excise tax on adult-use marijuana sales to fund art, culture, and entertainment.

Ohio SB240 allows county boards of commissioners to propose a tax on the retail sale of adult-use marijuana. If approved by voters, the tax would fund cultural, artistic, and entertainment opportunities. The tax rate can be up to 3% of the sale price and last for up to ten years. Ninety-eight percent of the tax revenue would go to the county, while 2% would support tax administration costs. The tax would be in addition to other existing taxes on marijuana sales.

Ohio SB240 authorizes counties to levy an excise tax on adult-use marijuana sales to fund art, culture, and entertainment.

Ohio SB240 allows county boards of commissioners to propose a tax on the retail sale of adult-use marijuana. If approved by voters, the tax would fund cultural, artistic, and entertainment opportunities. The tax rate can be up to 3% of the sale price and last for up to ten years. Ninety-eight percent of the tax revenue would go to the county, while 2% would support tax administration costs. The tax would be in addition to other existing taxes on marijuana sales.