Bill > SB0101

This bill amends existing Utah law to update regulations and taxes concerning "specialized products," which now encompass both cannabinoid products (containing naturally occurring cannabinoids but excluding medical cannabis) and kratom products. Key changes include allowing the Department of Agriculture and Food to set registration fees for cannabinoid products until January 1, 2029, and for kratom products until January 1, 2029, while also establishing administrative fines of up to $5,000 for selling unregistered specialized products. The bill also renames the "Cannabinoid Licensing and Tax Act" to the "Specialized Product Licensing and Tax Act," standardizes the definition of a "specialized product" to include both cannabinoid and kratom products, and imposes a 5.3% sales tax on specialized products, with retailers generally responsible for collecting this tax from consumers, though out-of-state retailers may elect not to collect it under specific conditions. Furthermore, the bill clarifies licensing requirements for retailers selling specialized products, now requiring a "fixed location" license with a $50 fee, and designates that revenue generated from the specialized product tax and associated fines will be deposited into the "Specialized Product Proceeds Restricted Account" to fund enforcement and related activities for both cannabinoid and kratom products.

Budget and Finance, Business and Industry

https://le.utah.gov/~2026/bills/static/SB0101.html