An Act to Create Municipal Cannabis Revenue Sharing
An Act to Create Municipal Cannabis Revenue Sharing
LD177 proposes to establish a system where municipalities can share in the revenue generated from cannabis sales. This bill would impact local governments by providing them with a portion of the tax revenue collected from cannabis sales within their jurisdictions. This funding could be used for local services and infrastructure improvements.
The bill was introduced on January 14, 2025, and referred to the Committee on Veterans and Legal Affairs. After a work session and a vote on February 24, 2025, the bill was reported out of committee. However, as of March 4, 2025, the bill was placed in the legislative files and deemed dead, meaning it did not pass.
Key steps include its introduction and referral to the committee, followed by a work session and vote. Despite these efforts, the bill did not move forward and was ultimately shelved.