H.F. 4082 Summary

• Imposes a 2% gross receipts tax on cannabinoid product retailers in Minnesota, effective for purchases made on or after July 1, 2021.

• Applies a use tax to persons receiving cannabinoid products from non-taxed sources, with credits available for taxes paid to other jurisdictions to prevent double taxation.

• Requires all cannabinoid product retailers (both in-state and out-of-state) to register with the Commissioner of Revenue prior to selling or shipping products.

• Appropriates $960,000 in fiscal year 2022 and $510,000 in fiscal year 2023 and thereafter from the general fund to the Commissioner of Public Safety.

• Exempts cannabinoid products with an aggregate cost of $50 or less per calendar month from use tax if carried into the state by the consumer, and classifies cannabinoid products as taxable food items under existing sales tax law.