Bill > SB278

This bill proposes to modify the regulation and taxation of medical marijuana, adult use cannabis, and hemp in Ohio. The key provisions are: This bill amends various sections of the Ohio Revised Code to change the rules around medical marijuana, adult-use cannabis, and hemp. It establishes a new division of cannabis control within the Department of Commerce to regulate the adult-use cannabis industry, sets standards and procedures for testing and packaging cannabis products, and creates a home-grow allowance for adult consumers. The bill also makes changes to the taxation of cannabis-related businesses and income, including disallowing certain federal business expense deductions under Section 280E of the Internal Revenue Code. Additionally, the bill includes provisions related to the sale and possession of adult-use hemp products. Finally, the bill includes a provision that extends the expiration date of existing medical marijuana processor licenses that were issued or renewed before the effective date of this bill.

Government Affairs

https://www.legislature.ohio.gov/legislation/135/sb278