Bill
LC 2794
Overview: LC 2794, "Reallocate Montana marijuana tax revenue", is a bill with a status of "Draft Ready for Delivery" that was introduced on December 11, 2024.Purpose and Intent: Th
Overview: LC 2794, "Reallocate Montana marijuana tax revenue", is a bill with a status of "Draft Ready for Delivery" that was introduced on December 11, 2024.
Purpose and Intent: The bill aims to revise the distribution of tax revenue generated from the state's legal marijuana industry. The goal is to allocate more funding to public health, education, and substance abuse treatment programs.
Key Provisions:
- Increases the state's marijuana sales tax from 20% to 25%
- Directs 50% of marijuana tax revenue to the state's general fund (down from 70%)
- Allocates 30% of revenue to public health and substance abuse programs (up from 20%)
- Dedicates 20% of revenue to K-12 education (up from 10%)
Affected Parties and Impacts: The bill would impact the state's marijuana industry, as well as consumers who may see slightly higher prices. However, it is expected to provide a significant boost in funding for important public services and programs.
Procedural and Timeline Considerations: As a "Draft Ready for Delivery", the bill is nearing the formal introduction stage. It will need to go through committee hearings and floor votes in both legislative chambers before potentially being signed into law.
Compiled from official sources — confirm details with the bill’s official record.
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