Bill > HB2367

This bill creates the adult use cannabis regulation act to regulate the cultivation, manufacturing, possession, and sale of cannabis in this state. The key provisions include: - Establishing classes of licenses that the director may issue, including for cannabis cultivation facilities, testing facilities, products manufacturers, transporters, business operators, hospitality businesses, and retailers. - Setting requirements for obtaining and renewing licenses, including criminal background checks and finding of suitability for certain owners and investors. - Authorizing the director to establish an electronic database to monitor cannabis from seed to sale. - Creating an independent testing and certification program for licensed cannabis businesses. - Prohibiting the use or consumption of cannabis on licensed premises except at hospitality businesses. - Establishing an excise tax of 15% on the gross receipts from the sale of cannabis by cultivation facilities and a 15% tax on the gross receipts from the sale of cannabis and cannabis products by retailers and hospitality and sales businesses. - Creating the cannabis business regulation fund to be used for the regulation and enforcement of the cannabis industry. This bill aims to provide a regulatory framework for the lawful cultivation, manufacturing, testing, transport, and sale of cannabis in the state.