They write
A bill proposed in Montana would eliminate adult-use cannabis dispensaries in the state and raise the tax on medical cannabis from 4% to 20%, the Montana Free Press reports. According to the bill text, the measure, sponsored by state Sen. Keith Regier (R), intends to “reduce the demand for marijuana sales” in Montana.
The measure, which carries no co-sponsors, is currently in the chamber’s Business, Labor, and Economic Affairs Committee.
Adult-use cannabis sales in Montana have generated $54 million in tax revenues since sales commenced in January 2022, the report says. Less than one-tenth of that revenue came from medical cannabis taxes, while adult-use sales are taxed at a 20% rate by the state and some counties add an additional 3% local tax.
Regier’s legislation would also cap the THC potency for cannabis flower sold in the state’s medical cannabis program at 10%; under current state law, that limit is 35%. The measure would also halve the amount of THC allowed in an edible product, from 10 milligrams to 5 milligrams, and would prohibit concentrates from containing more than 10% THC.
Read full article at
