Specialized Product Amendments

Summary

The bill adds a tax equal to 5.3% of the retail price on any specialized cannabinoid product. Licensed retailers must collect the tax at the point of sale, and if a product is received untaxed, the consumer must pay the tax when the product first enters Utah. It affects both retailers with a license to sell these products and the consumers who purchase them.

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

Topics

Share