SF4329

Purpose

• The bill focuses on how money from the cannabis gross receipts tax is used. It aims to create or support a cannabis youth grant program, require a reporting requirement, and make specific changes to how related funds are deposited and allocated in Minnesota law.

Main Provisions

• Deposits of tax revenues: The revenues from the cannabis tax, including penalties and interest, must be deposited into the general fund.
• Allocation to youth program: Out of the deposited amount, 10% must be annually appropriated to the commissioner of children, youth, and families for the cannabis youth grant program (under the authority of section 342.71).

Changes to Existing Law

• Amends: Minnesota Statutes 2025 Supplement section 295.81 subdivision 10 to implement the new deposit and allocation rules.
• Coding for new law: Provisions reference coding for a new law in Minnesota Statutes chapter 342.

Reporting Requirement

• The bill requires a report related to the program and/or the use of these funds, though details are not provided in the text provided.

Significance and Impact

• Financial impact: A dedicated 10% of cannabis tax revenues (including penalties and interest) would be redirected to support the cannabis youth grant program, altering how a portion of cannabis tax revenue is used and tracked.
• Policy emphasis: Allocates funds specifically to youth-focused cannabis-related programs via the agency responsible for children, youth, and families.

Relevant Terms - cannabis gross receipts tax - general fund - penalties and interest - ten percent (10%) - cannabis youth grant program - commissioner of children, youth and families - section 342.71 - Minnesota Statutes 2025 Supplement section 295.81 subdivision 10 - Minnesota Statutes chapter 342 - deposit - report