An Act To Allow A Grace Period For The Payment Of Excise Tax For Adult Use Cannabis Cultivation Facilities

Summary

The bill amends the state tax code so that licensed cannabis cultivation facilities do not have to pay excise taxes until 120 days after a sale, rather than the month‑end filing deadline. It applies to growers that sell to other licensed cannabis businesses and to those that also hold licenses for other cannabis establishments. The longer payment window is intended to ease cash‑flow pressures on growers.

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