Bill > S1886

This bill proposes the following key provisions: 1. It establishes various licensing and registration fees for early approval adult use dispensing organizations, conditional adult use dispensing organizations, adult use dispensing organizations, adult use dispensing organization agents, early approval of adult use cultivation centers, conditional adult use licenses, and other cannabis-related business licenses and registrations. 2. It creates mandatory contributions, such as a cannabis business development fee and social equity inclusion plans, that must be paid by applicants for early approval adult use dispensing organization licenses. 3. It authorizes the Department of Business and Professional Regulation to revise any of the fees established under this chapter after January 1, 2022. 4. It imposes a 7% tax on the gross receipts from the first sale of cannabis by a cultivator, and it establishes requirements for cultivators to register, file returns, and remit the tax. 5. It imposes an excise tax on the purchase of cannabis by consumers, with rates ranging from 10% to 25% depending on the adjusted delta-9-tetrahydrocannabinol level of the product. The tax is collected by cannabis retailers and remitted to the Department of Revenue. 6. It establishes penalties for violations related to the cultivation tax and the cannabis purchaser excise tax, including criminal penalties for tax evasion and the use of automated sales suppression devices. The bill aims to create a regulatory and tax framework for the adult use cannabis industry in Florida.

Business and Industry

https://www.flsenate.gov/Session/Bill/2022/1886