Bill > HB692

This bill enacts new laws to levy taxes on the sale of cannabis in Louisiana. It imposes a 10% tax on retail cannabis sales and a 5% tax on wholesale cannabis sales. The revenue from these taxes will be distributed in the following way: 20% to municipalities or parishes for law enforcement, 5% to sheriffs in parishes without cannabis retailers, 2.5% to the state general fund, 2.5% to the Louisiana Early Childhood Education Fund, 15% to district attorneys' offices, 10% to the State Police Operations Fund, 15% to the Transportation Trust Fund, and 10% to fund addiction treatment programs. The bill also creates the State Police Operations Fund to support the operations of the state police. The provisions of this bill are contingent on the enactment of another bill related to the regulation of cannabis.