Bill > HB612

This bill levies taxes on sales of cannabis and dedicates the revenues derived from those taxes. Specifically, it creates two new special funds in the state treasury - the State Police Operations Fund and the Cannabis Tax-Supported Local Assistance Fund. The bill imposes a 10% tax on retail cannabis sales and a 5% tax on wholesale cannabis sales. The revenues from these taxes are then distributed as follows: 10% to the State Police Operations Fund, 40% to the Cannabis Tax-Supported Local Assistance Fund, 10% to the Louisiana Early Childhood Education Fund, 15% to the state general fund, and 15% to the Transportation Trust Fund. The remaining 10% is used to fund addiction treatment programs. The bill also provides for the enforcement and administration of the cannabis tax by the Department of Revenue.