Maryland House and Senate lawmakers on Friday unveiled a much-anticipated bill to tax and regulate cannabis, months after voters approved a legalization referendum on the ballot.
Dels. Vanessa Atterbeary (D) and C. T. Wilson (D) are sponsoring the House legislation, while Sens. Brian Feldman (D) and Antonio Hayes (D) are carrying their chamber’s companion.
The measures would get the state prepared to regulate cannabis commerce as the state law legalizing possession of up to 1.5 ounces of cannabis for adults takes effect on July 1.
Under the proposals, cannabis would be taxed at six percent for the first fiscal year starting this summer. It would increase by one percent each year until 2028, maxing out at 10 percent.
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