Bill > LD347

This bill establishes the Local Government Cannabis Revenue Fund to provide financial support to municipalities impacted by adult use cannabis businesses. The fund will receive 12% of both the sales tax and excise tax revenues generated from adult use cannabis sales. These funds will be distributed monthly to municipalities that have voted to allow cannabis establishments within their boundaries, with the allocation proportional to the state cannabis revenue generated in each municipality. The distribution is designed to help offset local regulatory costs and potential negative effects on municipal resources. Municipalities that are unorganized or deorganized will be treated the same as other municipalities for the purposes of revenue distribution. Additionally, the bill requires that the remaining portions of the cannabis tax revenues be split between the General Fund and the Adult Use Cannabis Public Health and Safety and Municipal Opt-in Fund, ensuring a structured approach to cannabis tax revenue allocation.

Military Affairs and Security

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=347&snum=132