May 19, 2021, 5:00 AM
The Alabama Governor May 17 signed a law imposing an excise tax on sales of medical cannabis. The law includes measures: 1] creating the Alabama Medical Cannabis Commission to license facilities that process, transport, test, or dispense medical cannabis; 2] establishing the license fees ranging between $10,000 and $50,000 for an annual license and setting a non-refundable license application and transfer fee of $2,500; 3] levying a 9 percent tax on the gross proceeds of medical cannabis when sold at retail; 4] imposing an annual privilege tax not to exceed $15,000 on any person doing business under the provisions of…
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