THE SENATE

S.B. NO.

2926

THIRTY-FIRST LEGISLATURE, 2022

 

STATE OF HAWAII

 

 

 

 

 

 

A BILL FOR AN ACT

 

 

relating to marijuana.

 

 

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

 

     SECTION 1.  (a)  The department of business, economic development, and tourism shall conduct a study on the potential revenue to be generated for the State from the legalization of recreational marijuana if it were taxed at a rate equal to the existing general excise tax rate.

     (b)  The study required under subsection (a) shall include a five-year total projection of the potential revenue to be generated for the State from the legalization of recreational marijuana if it were taxed at a rate equal to the existing general excise tax rate.

     (c)  The department of business, economic development, and tourism may consult with any public or private entity to complete the study required under subsection (a).  Any public entity of the State shall assist the department of business, economic development, and tourism by providing information or answers to questions at the request of the department, or other assistance deemed relevant to the study.

     SECTION 2.  The department of business, economic development, and tourism shall submit a report of its findings and recommendations from the study, including any proposed legislation, to the legislature no later than twenty days prior to the convening of the regular session of 2023.

     SECTION 3.  This Act shall take effect on July 1, 2022.

 

INTRODUCED BY:

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Report Title:

Department of Business, Economic Development, and Tourism; Marijuana; Legalization; Study; Tax Revenue

 

Description:

Requires the Department of Business, Economic Development, and Tourism to study the potential tax revenues to be generated for the State through the legalization of recreational marijuana if it were taxed at a rate equal to the existing general excise tax rate.

 

 

 

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.