132nd MAINE LEGISLATURE
		LD 1654		LR 1647(06)
	An Act to Exempt Certain Sales and Transfers of Adult Use Cannabis from Excise Tax
	Fiscal Note for Bill as Engrossed with: C "A" (H-620) S "A" (S-480) to C "A" (H-620)
	Committee: Taxation
Fiscal Note
			FY 2025-26	FY 2026-27	Projections  FY 2027-28	Projections  FY 2028-29
Net Cost (Savings)
	General Fund		$2,000	$4,000	$4,000	$4,000
Revenue
	General Fund		($2,000)	($4,000)	($4,000)	($4,000)
	Other Special Revenue Funds		$0	($1,000)	($1,000)	($1,000)
Fiscal Detail and Notes
	This bill would result in a revenue decrease to the General Fund of $2,000 in fiscal year 2025-26 and $4,000 in fiscal year 2026-27 by providing excise tax exemptions on sales and transfers of adult use cannabis to cultivation facilities, or to manufacturing facilities when the cannabis is returned to the cultivation facility within 30 days. The bill would also result in a revenue decrease to the Adult Use Cannabis Public Health and Safety and Municipal Opt-in Fund of $1,000 in fiscal year 2026-27.