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Bill > HB513


MS HB513

MS HB513
Public Health Trust Fund; divert a certain percentage of funds collected under the Medical Cannabis Act into for 4 years.


summary

Introduced
01/12/2026
In Committee
02/17/2026
Crossed Over
02/10/2026
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

An Act To Amend Section 41-137-61, Mississippi Code Of 1972, To Provide That A Certain Percentage Of The Fees And Tax Revenues Collected Under The Mississippi Medical Cannabis Act Shall Be Deposited Into The Mississippi Public Health Trust Fund For Four Years; And For Related Purposes.

AI Summary

This bill amends existing law to redirect a portion of funds generated by the Mississippi Medical Cannabis Act into the Mississippi Public Health Trust Fund for a period of four years, specifically until July 1, 2030. The Medical Cannabis Act, which governs the state's program for medical marijuana, collects various fees and tax revenues. Under this bill, twelve and one-half percent (12-1/2%) of these collected fees and tax revenues will be deposited into the Mississippi Public Health Trust Fund each year, with the exact amount capped by the previous year's collections minus administrative costs for the Medical Cannabis Program. Any remaining fees, tax revenues, and all fines collected will continue to be deposited into the State General Fund. After July 1, 2030, all fees, tax revenues, and fines collected under the Medical Cannabis Act will revert to being deposited entirely into the State General Fund. The MDOR (Mississippi Department of Revenue) and MDOH (Mississippi Department of Health) are the agencies responsible for collecting these funds. This act is set to take effect on July 1, 2026.

Committee Categories

Health and Social Services

Sponsors (2)

Last Action

Referred To Public Health and Welfare;Appropriations (on 02/17/2026)

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