Use of proceeds from the cannabis gross receipts tax modified, cannabis youth grant program established, and report required.

Summary

The bill directs the state to deposit all cannabis gross receipts tax revenue into the general fund and earmarks 10% of that amount each year for a cannabis youth grant program. The program will fund initiatives that support positive youth development, employment, mental health, and restorative justice, especially in communities hit hardest by past cannabis criminalization. It also mandates a legislative report on how the grants are used.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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