This bill amends the Cannabis Legalization Act to establish the micro cannabis facility license, which is a new category of cannabis establishment license. A micro cannabis facility licensee may cultivate up to 1,000 square feet of plant canopy and may sell cultivated adult use cannabis subject to the same requirements and restrictions applicable to cultivation facilities; may manufacture and sell adult use cannabis and adult use cannabis products subject to the same requirements and restrictions applicable to products manufacturing facilities; and may sell adult use cannabis and adult use cannabis products to consumers subject to the same requirements and restrictions applicable to cannabis stores. The application fee for a micro cannabis facility license is $500 and the annual license fee is not more than $2,500. Adult use cannabis cultivated and sold by a micro cannabis facility is not subject to the otherwise applicable excise tax on adult use cannabis. A micro cannabis facility that sells adult use cannabis and adult use cannabis products to consumers must collect and pay to the State Tax Assessor the applicable sales tax on adult use cannabis and adult use cannabis products. The Department of Administrative and Financial Services, Office of Cannabis Policy is directed to adopt major substantive rules regulating the licensure, operation and oversight of micro cannabis facilities.

Statutes affected:
Bill Text LD 1831, HP 1226: 28-B.102, 28-B.201