MI SB1080

Amends the General Sales Tax Act to add a new exemption for sales of marijuana or marijuana-derived products that bear the universal symbol and label required under the Medical Marihuana Facilities Licensing Act (2016 PA 281) and the Marihuana Tracking Act (2016 PA 282).

Maintains existing exemptions for prescription drugs, over-the-counter drugs, food and food ingredients (excluding prepared food for immediate consumption), returnable container deposits, food stamp purchases, seeds and plants, and live animals for slaughter.

Defines "prepared food" as food sold in a heated state, multiple ingredients mixed by the seller, or food sold with eating utensils provided by the seller.

Establishes that bakery items, raw foods requiring consumer cooking, unheated foods sold by weight or volume, and foods only cut or pasteurized are not considered "prepared food" and are exempt from tax.

Takes effect 90 days after enactment.