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Bill > HB151
MD HB151
MD HB151Sales and Use Tax - Distribution of Cannabis Sales Tax Revenue - Maryland Veterans Trust Fund
summary
Introduced
01/14/2026
01/14/2026
In Committee
01/14/2026
01/14/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
Requiring 3% of the sales and use tax revenue collected from the sale of cannabis to be distributed to the Maryland Veterans Trust Fund.
AI Summary
This bill modifies how sales and use tax revenue generated from cannabis sales is distributed in Maryland, specifically by increasing the portion allocated to the Maryland Veterans Trust Fund. The Maryland Veterans Trust Fund, established to provide financial and other assistance to veterans, their families, and members of the Maryland National Guard, will now receive 3% of the net proceeds from cannabis sales tax, up from a previous, unspecified amount. The remaining revenue will continue to be distributed to various funds, including those for cannabis regulation and enforcement, social equity programs, community reinvestment, public health initiatives, business assistance, and the state's General Fund, with specific percentages outlined for each. This change is set to take effect on July 1, 2026.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
House Ways and Means Hearing (13:00:00 1/29/2026 ) (on 01/29/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0151?ys=2026RS |
| BillText | https://mgaleg.maryland.gov/2026RS/bills/hb/hb0151f.pdf |
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