This bill amends provisions related to specialized products.
This bill:
- defines terms;
- creates a fee for the registration of cannabinoid;
- amends provisions related to cannabinoid and kratom products (specialized products);
- renames the "Cannabinoid Proceeds Restricted Account" to the "Specialized Product Proceeds Restricted Account";
- modifies provisions related to the tax on cannabinoid products;
- creates a temporary location sales license for specialized product retailers;
- creates a fee to be collected by the State Tax Commission to obtain a license to sell specialized products;
- applies a tax to kratom products that can be used for enforcement and other statutory required duties;
- creates penalties; and
- makes technical and conforming changes.

Statutes affected:
Introduced: 4-41-403, 4-45-108, 59-1-306, 59-1-403, 59-12-104, 59-12-104.11, 59-31-101, 59-31-201, 59-31-202, 59-31-301, 59-31-302, 59-31-401, 59-31-402