An Act to Establish an Excise Tax on Cannabis Pre-roll and to Change the Tax on Potentially Intoxicating Hemp Products

This bill changes taxes on adult-use cannabis and hemp products starting January 1, 2026. It adds a 20% sales tax on hemp and hemp products containing THC and reduces the portion of adult-use cannabis sales and excise tax revenue transferred to the Adult Use Cannabis Public Health and Safety and Municipal Opt-in Fund from 12% to 6%. The bill also changes the excise tax on adult-use cannabis to 10% of the average wholesale price when sold by cultivation facilities to other licensees, but not between cultivation and manufacturing facilities, and shifts excise tax payments to a quarterly schedule.

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