The bill amends the "Michigan Regulation and Taxation of Marihuana Act" by updating definitions and provisions related to cannabis regulation. Key insertions include the clarification of terms such as "cannabis regulatory agency," "cultivate," and "Indian lands," which are essential for understanding the scope of the law. Additionally, the bill introduces a new provision that exempts certain transactions from the excise tax imposed on marihuana sales, specifically stating that beginning January 1, 2026, the 10% tax on sales to individuals other than marihuana establishments or tribal marihuana businesses will no longer apply.

Furthermore, the bill outlines the responsibilities of the Department of Treasury in administering the taxes and allows for the promulgation of rules regarding the payment and collection of these taxes. It also specifies that marihuana sold from tribal marihuana businesses and under certain medical marihuana acts will not be subject to the excise tax. These changes aim to streamline the regulatory framework for cannabis in Michigan while addressing the unique circumstances surrounding tribal businesses and medical marihuana transactions.

Statutes affected:
House Introduced Bill: 333.27953, 333.27963