Bill Summary: HB 5582

• Imposes a 6.35% sales tax on marijuana and marijuana products sold at marijuana lounges and retailers, effective upon authorization of retail marijuana sales in Connecticut

• Establishes a 13.65% wholesale tax on first sales of marijuana by wholesalers to lounges or retailers, with exemptions for licensed dispensaries under existing medical marijuana law

• Creates a "municipal diversification account" to distribute 12.5% of marijuana sales tax revenue to towns where cultivation facilities, manufacturing facilities, wholesalers, lounges, or retailers are located

• Deposits another 12.5% of marijuana sales tax revenue into the regional planning incentive account established under section 4-66k

• Defines marijuana-related terms including "marijuana lounge" (on-site consumption), "marijuana retailer" (off-site sales), and "marijuana wholesaler" for licensing and tax purposes under the Department of Consumer Protection