Utah SB0101 amends the Specialized Product Licensing and Tax Act to redefine terms, establish a fee for cannabinoid product registration, modify.
Utah SB0101 amends the Specialized Product Licensing and Tax Act to redefine terms such as "cannabinoid product" and "kratom product." It establishes a fee for the registration of cannabinoid products, modifies provisions related to kratom products, and renames the "Cannabinoid Proceeds Restricted Account" to the "Specialized Product Proceeds Restricted Account." The bill modifies the tax on cannabinoid products, creates a temporary location sales license for specialized product retailers, and creates a fee to verify the revenue collected by the commission for a distributed tax, fee, or.
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