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Committee hears cleanup changes to cannabis tax and manufacturer licensing in SB74
Summary
Senate Bill 74 would tax cannabis on net retail price (after discounts) and clarify manufacturer licensing; proponents described the measure as a technical cleanup and the Cannabis Control Division provided a 1% tax-collection impact estimate and license-cost figures.
Senator Josh Kasmer (Senate District 13) opened Senate Bill 74 in the Finance and Claims Committee, describing two central changes: taxing the net retail price (so discounts are excluded from gross price definitions) and clarifying language to treat manufacturer licensing consistently across multiple production facilities.
Proponents from the industry, including…
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