FL H1119

Establishes an application fee not to exceed $5,000 for marijuana establishment licenses, set by rule.

Imposes an excise tax of $50 per ounce on marijuana sold or transferred from cultivation facilities to retail stores or manufacturing facilities.

Requires annual inflation adjustments to the excise tax rate beginning in 2021, calculated using the Consumer Price Index and effective July 1 each year.

Requires marijuana cultivation facilities to file monthly tax returns and maintain records of all marijuana products held, purchased, manufactured, or transported; allows tax credits for destroyed products.

Allows the division to revoke licenses of cultivation facilities that fail to make required tax payments; takes effect on the same date as HB 1117.