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Tax and Regulate Marijuana Bill Overview

Tax and Regulate Marijuana Bill Overview

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Published by David Boyer
Key points of Diane Russell's bill to tax and regulate marijuana like alcohol.
Key points of Diane Russell's bill to tax and regulate marijuana like alcohol.

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Published by: David Boyer on Feb 21, 2013
Copyright:Attribution Non-commercial

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02/21/2013

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An Act to Tax and Regulate Marijuana
 Bill Overview
Personal
Makes the use and possession of limited amounts of marijuana legal for adults 21 years of ageor older.
Limits personal possession to 2.5 ounces and six plants, plus the marijuana grown from those plans, if possessed where grown.
Prohibits public smoking of marijuana.
Personal cultivation of marijuana must occur in an indoor or outdoor enclosed, locked space.
Allows transfer from one adult to another adult without compensation.
Commercial
Establishes four types of licenses: cultivator, marijuana product producers, retailers and labs. A person may have multiple licenses, except for laboratories.
Excise tax of $50/ounce imposed on cultivation facilities.
Caps licenses fees at $5,000
Authorizes for local regulation, bans and restrictions on the number of each kind of marijuanalicensee.
Retail licenses are allocated by population, similar to Maine's current liquor allocation, withroughly half the licenses in each population category.
Tax Revenue
10% for implementation of the act, to the Marijuana Regulation and Licensing Fund.
10% towards substance abuse programs.
5% to a new marijauna research fund (first eight years of the law.)
75% of tax revenue directed to the general fund.
Miscellanous
 
If passed, the bill will go to the people of Maine for approval via referendum.
Marijuana resin/concentrate included in the bill.
Allows for cultivation of industrialized hemp.
Specifies the bill does not affect or limit the current medical marijuana law
Authorizes cities and towns to license marijuana establishments if state does not.
Regulated by the Department of Administrative and Financial Services, including an MOUagreement with law enforcement for inspections.

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