Marijuana Licensees Ability To Change Designation

The act allows a medical marijuana cultivation facility licensee to receive and change marijuana's designation from retail to medical and a medical marijuana products manufacturer licensee to receive and change a marijuana product from retail to medical.

The act clarifies that a transfer and change of designation of the marijuana from retail to medical does not create a right to a refund of a retail marijuana excise tax imposed or paid prior to the transfer and change of designation.

The act requires the state licensing authority to submit a report to the general assembly analyzing the feasibility of allowing a retail marijuana cultivation facility licensee to receive and change marijuana's designation from medical to retail and a retail marijuana products manufacturer licensee to receive and change a marijuana product from medical to retail.

(Note: This summary applies to this bill as enacted.)