132nd MAINE LEGISLATURE
		LD 1942		LR 2082(02)
	An Act to Modify Taxes Applying to Adult Use Cannabis, Hemp and Hemp Products
	Fiscal Note for Bill as Amended by Committee Amendment " "
	Committee: Taxation
	Fiscal Note Required: Yes
Fiscal Note
			FY 2025-26	FY 2026-27	Projections  FY 2027-28	Projections  FY 2028-29
Net Cost (Savings)
	General Fund		$0	$782,810	$752,900	$755,500
Appropriations/Allocations
	General Fund		$0	$91,510	$0	$0
Revenue
	General Fund		$0	($691,300)	($752,900)	($755,500)
	Other Special Revenue Funds		$0	($59,700)	($77,100)	($77,500)
Fiscal Detail and Notes
	This bill would result in a revenue decrease to the General Fund of $691,300 in fiscal year 2026-27, $752,900 in fiscal year 2027-28 and $755,500 in fiscal year 2028-29 from reducing the adult use cannabis excise tax rate on adult use pre-rolls and changing the due date for filing the excise tax. The bill would also result in a revenue decrease to the Local Government Fund and the Adult Use Cannabis Public Health and Safety Fund totaling $59,700 in fiscal year 2026-27, $77,100 in fiscal year 2027-28 and $77,500 in fiscal year 2028-29. No additional revenue is assumed from the bill's higher sales tax rate on potentially intoxicating hemp products. The bill includes a one-time General Fund appropriation  to the Department of Administrative and Financial Services, Bureau of Revenue Services of $91,510 in fiscal year 2026-27 for administrative costs to implement the provisions of the bill.