SB752 HFA Foster 3-6 #10

Delegate Foster moves to amend the bill on page 24, article 8, line 15, immediately following the word “children” by inserting the following new section:

§16-8A-4. Excise tax on Grower sales to Dispensaries; retail sales subject to state sales tax.

(a) An excise tax of eight percent of the value of all sales is hereby levied and imposed July 1, 2020, upon the sale by growers of medical cannabis to all processers and dispensaries licensed pursuant to this article.   Proceeds shall be distributed as follows:

(1) Fifty percent shall be deposited into the Fight Substance Abuse Fund created by section eight, article nine, Chapter sixty-A of this code;

(2) Forty percent shall be allocated to the Division of Highways –Intermediate Road Repair Fund. The above appropriation for Intermediate Road Repair Fund (fund XXX, appropriation 21900) is to be allocated in equal payments to each of the 10 Division of Highways’ Districts; and

(3) Ten percent of the proceeds shall be transferred to the West Virginia State Police, which proceeds shall be expended for bulletproof vests.

(b) A retail sales tax shall be imposed on all medical cannabis products sold by a dispensary pursuant to section three, article five, chapter eleven of this code.

Adopted

Rejected