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ME LD347
Bill
Status
5/13/2025
Primary Sponsor
Adam Lee
Click for details
AI Summary
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Establishes the Local Government Cannabis Revenue Fund to offset local costs of regulating and enforcing adult use cannabis activities
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Requires 12% of state sales tax revenue from adult use cannabis and cannabis products to be transferred monthly to the new municipal fund
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Requires 12% of state cannabis excise tax revenue to be transferred monthly to the new municipal fund
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Distributes funds only to municipalities that have voted to allow cannabis establishments, proportional to the state revenue generated by cannabis businesses operating within each municipality
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Treats unorganized and deorganized areas as municipalities for purposes of revenue distribution
Legislative Description
An Act to Provide Qualifying Municipalities a Percentage of Adult Use Cannabis Sales Tax and Excise Tax Revenue
Revenue Sharing
Last Action
Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)
5/13/2025