An Act To Account for Market Change in the Adult Use Marijuana Excise Tax
Sec. 1. 28-B MRSA §102, sub-§4-A is enacted to read:
Sec. 2. 28-B MRSA §1001, as enacted by PL 2017, c. 409, Pt. A, §6, is repealed.
Sec. 3. 28-B MRSA §1001-A is enacted to read:
§ 1001-A. Excise tax imposed
This bill changes the excise tax on adult use marijuana cultivation facilities from a tax based on quantity to a tax based on a percentage of the average market price for the category of marijuana sold. The bill requires the average market price to be determined quarterly by the Department of Administrative and Financial Services. The tax would not apply to sales by a cultivation facility to a licensee with which it is vertically integrated.