Bill > LD1654

This bill, titled "An Act to Exempt Certain Sales and Transfers of Adult Use Cannabis from Excise Tax," aims to modify existing Maine law regarding taxes on cannabis. It introduces a definition for "Products manufacturing facility," which refers to a facility that manufactures cannabis products, aligning with definitions in Title 28-B of Maine law. The bill then amends the tax provisions to exempt certain sales and transfers of adult-use cannabis from excise tax, which is a tax levied on specific goods or services. Specifically, it clarifies that taxes do not apply to sales or transfers of adult-use cannabis *to* a cultivation facility, which is a licensed site for growing cannabis, unless it's from a nursery cultivation facility under specific circumstances. Furthermore, it exempts adult-use cannabis from excise tax when it's transferred *to* a products manufacturing facility and then returned to the original cultivation facility in the same form and weight within 30 days, providing a tax break for certain processing and return activities within the cannabis industry.

Budget and Finance

https://legislature.maine.gov/legis/bills/display_ps.asp?LD=1654&snum=132