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Committee hears cannabis cleanup bill and passes Safer Banking resolution
Summary
Senate Bill 74, a package of technical fixes to Montana’s post‑legalization cannabis rules (licensing, tax‑to‑net, and manufacturing licensing), drew broad industry support and questions about fiscal impacts; the committee also passed Senate Joint Resolution 5 urging Congress to adopt safer banking protections for state‑legal cannabis businesses.
Senate Bill 74, presented as an Economic Affairs Committee cleanup of the 2021 legalization framework, drew largely positive testimony from industry, regulators and supporting businesses during a Senate Business and Labor hearing.
Sponsor Senator Kasmier said SB74 fixes operational issues in the market, including aligning manufacturing licensing (one license per manufacturer with site certificates rather than fees per facility), allowing the Cannabis Control Division to streamline landlord approval timing, and changing taxation to apply to the net sales price rather than the retail sticker price. "We're gonna tax the net," the sponsor said, explaining the intent is to remove confusion caused by discounts and retail adjustments.
Industry witnesses described the changes as narrow technical fixes. Kate…
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