MD SB925

3% of cannabis sales and use tax revenue would be distributed quarterly to the Maryland Veterans Trust Fund, carved out from the 25% currently going to the General Fund

General Fund share of cannabis tax revenue would decrease from 25% to 22% to accommodate the new veterans fund allocation

Maryland Veterans Trust Fund provides monetary and other assistance to veterans, their families, Maryland National Guard members and families, and public/private programs supporting veterans

Fund currently receives money from lottery ticket sales, video lottery donations, special registration plate fees, civil penalties, and income tax checkoff contributions; cannabis tax revenue would be added as a new funding source

Effective date: July 1, 2026