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Bill > HB6120
MI HB6120
MI HB6120Marihuana: administration; marihuana regulatory fund revenue; transfer to the general fund for the 2019-2020 fiscal year. Amends sec. 604 of 2016 PA 281 (MCL 333.27604).
summary
Introduced
08/17/2020
08/17/2020
In Committee
09/15/2020
09/15/2020
Crossed Over
09/09/2020
09/09/2020
Passed
09/16/2020
09/16/2020
Dead
Signed/Enacted/Adopted
10/01/2020
10/01/2020
Introduced Session
100th Legislature
Bill Summary
AN ACT to amend 2016 PA 281, entitled ?An act to license and regulate medical marihuana growers, processors, provisioning centers, secure transporters, and safety compliance facilities; to allow certain licensees to process, test, or sell industrial hemp; to provide for the powers and duties of certain state and local governmental officers and entities; to create a medical marihuana licensing board; to provide for interaction with the statewide monitoring system for commercial marihuana transactions; to create an advisory panel; to provide immunity from prosecution for marihuana-related offenses for persons engaging in certain activities in compliance with this act; to prescribe civil fines and sanctions and provide remedies; to provide for forfeiture of contraband; to provide for taxes, fees, and assessments; and to require the promulgation of rules? by amending section 604 (MCL 333.27604).
AI Summary
This bill amends Section 604 of the Michigan Medical Marihuana Licensing Act of 2016 (MCL 333.27604). The key provisions are:
1. It creates the Marihuana Regulatory Fund within the state treasury to deposit application fees and regulatory assessments collected under the Act.
2. Except as otherwise provided, money in the fund at the end of the fiscal year remains in the fund and does not lapse to the general fund.
3. The Marijuana Regulatory Agency administers the fund for auditing purposes.
4. Except for certain specified purposes, the Department of Licensing and Regulatory Affairs can only use the fund's money, upon appropriation, to implement, administer, and enforce the Act.
5. For the fiscal year ending September 30, 2020 only, $17,000,000 from the Marihuana Regulatory Fund is transferred to and deposited into the state's General Fund.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Assigned Pa 170'20 With Immediate Effect (on 10/01/2020)
Official Document
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