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Bill > S1626


FL S1626

FL S1626
Trust Funds/Division of Cannabis Trust Fund/Department of Agriculture and Consumer Services


summary

Introduced
01/06/2022
In Committee
01/12/2022
Crossed Over
Passed
Dead
03/14/2022

Introduced Session

2022 Regular Session

Bill Summary

Creating the Division of Cannabis Trust Fund within the Department of Agriculture and Consumer Services; providing the purpose and for the funding source of the trust fund; requiring a distribution of specified funds to the Department of Health until a specified date; providing for future review and termination or re-creation of the trust fund, etc.

AI Summary

This bill creates the Division of Cannabis Trust Fund within the Department of Agriculture and Consumer Services. The purpose of the trust fund is to fund the operations and administration of the division. The bill requires that 5% of the revenues received from the cannabis excise tax be transferred to the Department of Health to provide grants for research on the beneficial uses and safety of marijuana until January 1, 2031. The trust fund is scheduled to be terminated on July 1, 2027, but it may be reviewed and re-created before that date.

Committee Categories

Health and Social Services

Sponsors (1)

Last Action

Died in Health Policy (on 03/14/2022)

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