summary
Introduced
03/03/2022
03/03/2022
In Committee
04/27/2022
04/27/2022
Crossed Over
04/26/2022
04/26/2022
Passed
05/17/2022
05/17/2022
Dead
Signed/Enacted/Adopted
05/24/2022
05/24/2022
Introduced Session
2022 General Assembly
Bill Summary
To: (1) Impose additional limitations on the manner in which cannabis may be gifted, sold or transferred; (2) impose additional penalties for prohibited gifts, sales and transfers of cannabis; (3) specify that a producer (A) shall be liable for the remainder of the full conversion fee if the producer fails to create two equity joint ventures that receive a final license within a specified time frame, and (B) that receives license expansion authorization shall not create more than two equity joint ventures; (4) specify that a dispensary facility (A) shall be liable for the remainder of the full conversion fee if the dispensary facility fails to create two equity joint ventures that each receive a final license within a specified time frame, and (B) that converts its license to a hybrid-retailer license shall not create more than two equity joint ventures; (5) provide that the Social Equity Council shall not approve any equity joint venture that shares the same social equity applicant with another equity joint venture; (6) ban cannabis billboard advertisements; (7) modify certain provisions concerning advertisements by cannabis establishments and related businesses; and (8) eliminate a provision that prohibits a municipality from granting zoning approval for more retailers or micro-cultivators than a number that would allow for one retailer and one micro-cultivator for every twenty-five thousand residents of the municipality.
AI Summary
This bill:
1. Imposes additional limitations on the manner in which cannabis may be gifted, sold, or transferred, and establishes penalties for violations.
2. Specifies that a producer shall be liable for the remainder of the full conversion fee if the producer fails to create two equity joint ventures that receive a final license within a specified timeframe, and that a producer receiving license expansion authorization shall not create more than two equity joint ventures.
3. Specifies that a dispensary facility shall be liable for the remainder of the full conversion fee if it fails to create two equity joint ventures that each receive a final license within a specified timeframe, and that a dispensary facility converting its license to a hybrid-retailer license shall not create more than two equity joint ventures.
4. Prohibits the Social Equity Council from approving any equity joint venture that shares the same social equity applicant with another equity joint venture.
5. Bans cannabis billboard advertisements and modifies certain provisions concerning advertisements by cannabis establishments and related businesses.
6. Eliminates a provision that prohibits a municipality from granting zoning approval for more retailers or micro-cultivators than a number that would allow for one retailer and one micro-cultivator for every twenty-five thousand residents of the municipality.
Committee Categories
Justice
Sponsors (2)
Other Sponsors (1)
General Law Committee (J)
Last Action
Signed by the Governor (on 05/24/2022)
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