Cultivation facilities to pay 5% excise tax

US (MS): Medical cannabis program rules and regulations released

Since the passage of the Mississippi Cannabis Act, SB 2095, the Mississippi State Department of Health (MSDH) has been working to craft guidelines for the program. In fact, much of the work began after Initiative 65 passed in November 2020.

On Monday, MSDH released beginning measures, including qualifying conditions, on how to obtain a registry and identification card, how to certify as a practitioner who can prescribe medical cannabis, and much more.

MSDH specifies that any cultivation and processing facilities can be located in agriculture and industrial zones as well and commercial zones with a variance. The facilities must not be within 1,000 feet of a school, church or daycare unless there has been a waiver granted.

Taxes will be collected in order to support the program. All cultivation facilities will pay a 5% excise tax on the sales price or fair market price. The Mississippi Department of Revenue will set that fair market price of flower and trim by November 1, 2022, and will recalculate on January 1 and July 1 of every year after.

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