SB 17

Bill Subjects

Abstract

Existing law provides for the imposition of various taxes with respect to the distribution of certain products, including cigarettes and other tobacco products, and provides for the licensure by the State Board of Equalization of sellers of those products that are engaged in business in California. This bill would, on and after the effective date of an imposition of a tax on the distribution of cannabis, establish a Cannabis Licensing Act, which would require a seller to have in place and maintain a license from the State Board of Equalization to engage in the sale of cannabis, and would require the license to be renewed every 12 months, as provided. This bill would require an applicant for a license to fill out a form providing specified information. This bill would also require applicants to pay a one-time license fee of and a renewal fee, as specified. This bill would require all moneys collected to be deposited in the Cannabis Compliance Fund, which would be created in the State Treasury, and all funds therein would be available for appropriation by the Legislature solely for the purpose of implementing, enforcing, and administering the Cannabis Licensing Act.