Senate Bill 74 seeks to revise and clarify various aspects of marijuana laws in Montana, focusing on definitions related to pricing, ownership, and employee classifications. A significant change is the redefinition of "retail price" to reflect the price after discounts. The bill also clarifies terms such as "controlling beneficial owner," "employee," and "financial interest," which now includes holders of private loans or convertible securities. Additionally, it removes the option for probationary licensing for marijuana testing laboratories and updates the requirements for property owner permissions during license renewals.

The legislation further establishes specific THC potency limits for marijuana products, including capsules, tinctures, edibles, and topicals, allowing for a 10% deviation from these limits. It clarifies that dispensaries can sell products with higher THC levels to registered cardholders. The bill also mandates annual license renewals, updates marijuana hotline reporting requirements, and adjusts licensing fees for manufacturers. The effective date for the bill is set for October 1, 2025, with certain provisions becoming effective upon passage and applicability for tax quarters beginning after June 30, 2025. Overall, the bill aims to enhance the regulatory framework for marijuana businesses in Montana while ensuring compliance and public safety.

Statutes affected:
LC Text: 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_1(1): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_1(2): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_1(3): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_1(4): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_1(5): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_1(6): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_1(7): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_1: 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_2(1): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_2(10): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_2(11): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_2(2): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_2(3): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_2(4): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_2(5): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_2(6): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_2(7): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_2(8): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_2(9): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_2: 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_X(1): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_X(10): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_X(11): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_X(12): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_X(2): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_X(3): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_X(4): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_X(5): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_X(6): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_X(7): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_X(8): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_X(9): 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224
SB0074_X: 15-64-101, 16-12-102, 16-12-104, 16-12-125, 16-12-203, 16-12-221, 16-12-224