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Senate committee debates cannabis excise allocation and fee changes after fiscal-office estimate shows shortfall
Summary
Legislative counsel and Cannabis Control Board members told the Senate Economic Development, Housing & General Affairs Committee that draft amendment 3.1 to H.321 shifts how excise tax and licensing fees flow and will increase the board's reliance on excise tax revenue after proposed fee reductions produce a multi‑thousand dollar shortfall.
Members of the Senate Economic Development, Housing & General Affairs Committee on the Ides of May reviewed draft 3.1 of H.321 and focused on where cannabis excise-tax revenue and licensing fees will be deposited and how those choices affect the Cannabis Control Board's budget.
The committee heard from Michelle Childs of the Office of Legislative Council, who walked members through the committee amendment and pointed to language that would strike existing subsection d and move toward transferring the balance in the cannabis regulation fund back to the general fund “at the end of each fiscal year,” as the Joint Fiscal…
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