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131st MAINE LEGISLATURE |
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LD 788 |
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LR 1958(02) |
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Resolve,
Directing the Treasurer of State to Review and Develop Options for Meeting
the Banking Needs of the Cannabis Industry |
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Fiscal Note for
Bill as Amended by Committee Amendment " " |
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Committee: Health Coverage, Insurance and
Financial Services |
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Fiscal Note Required: Yes |
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| Fiscal Note |
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Legislative Cost/Study
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| Legislative
Cost/Study |
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The general
operating expenses of this study are projected to be $6,550 in fiscal year
2023-24. The Legislature’s proposed budget for the 2024-2025 biennium
includes $14,500 in each of fiscal years 2023-24 and 2024-25 for the costs of
legislative studies, as well as $2,234 in projected balances from fiscal year
2022-23 and $36,777 of balances carried over from prior years for this
purpose. Whether these amounts are sufficient to fund all studies will depend
on the number of studies authorized by the Legislative Council and the
Legislature. The additional costs of providing staffing assistance to the
study during the interim can be absorbed utilizing existing budgeted staff
resources. |
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| Fiscal Detail
and Notes |
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If requested,
additional costs to the various state agencies to participate in reviewing
options for meeting the banking needs of individuals and businesses involved
in the adult-use cannabis and medical cannabis industries in the State are
assumed to be minor and can be absorbed within existing budgeted resources. |
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