132nd MAINE LEGISLATURE
		LD 1942		LR 2082(03)
	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	$461,780	$6,500	$3,700
Appropriations/Allocations
	General Fund		$0	$52,380	$0	$0
Revenue
	General Fund		$0	($409,400)	($6,500)	($3,700)
	Other Special Revenue Funds		$0	($37,600)	($500)	($300)
Fiscal Detail and Notes
	This bill would result in a revenue decrease to the General Fund of $409,400 in fiscal year 2026-27, $6,500 in fiscal year 2027-28 and $3,700 in fiscal year 2028-29 from changing the due date for filing the excise tax. The bill would also result in a revenue decrease to the Adult Use Cannabis Public Health and Safety Fund of $37,600 in fiscal year 2026-27, $500 in fiscal year 2027-28 and $300 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 $52 380 in fiscal year 2026-27 for administrative costs to implement the provisions of the bill.