- Medical Cannabis - Medical Cannabis Business Development Fund - Establishment
- Sponsored by
- Delegates Mosby, Acevero, Attar, Atterbeary, D. Barnes, Boyce, Branch, Bridges, Brooks, Carr, Charles, Conaway, Crutchfield, D.M. Davis, Fennell, W. Fisher, Harrison, Henson, Ivey, C. Jackson, Lehman, J. Lewis, R. Lewis, Lierman, Moon, Palakovich Carr, Pena-Melnyk, Proctor, Queen, Rogers, Smith, Turner, Valderrama, Washington, Wells, Wilkins, and Williams
- In the House - Hearing 2/19 at 1:00 p.m.
- Fiscal and Policy Note
Establishing the Medical Cannabis Business Development Fund to provide financial assistance and grants relating to small, minority and women business owners; requiring the Department of Housing and Community Development to administer the Fund; requiring the Comptroller to determine the State income tax paid by each owner of a licensed medical cannabis entity that is attributable to income derived from the medical cannabis industry and distribute 2% of that amount into the fund; requiring the Department to make a certain report; etc.
Bill File Type: Regular
Effective Date(s): July 1, 2020
Last Updated: 2/20/2020 11:55 AM