Fla. Payments Search Hashish Legalization, Taxation

Law360 (February 26, 2021, 5:19 PM EST) — Florida would legalize and tax recreational cannabis under two bills introduced in the state House of Representatives.

H.B. 1361 and H.B. 1363 were introduced on Thursday by Rep. Christopher Benjamin, D-Miami Gardens. H.B. 1363 would require cannabis cultivation facilities to pay an excise tax on transfers of cannabis to retailers of $50 per ounce, which would be tied to inflation, according to the bill. The measure also allows for a local excise tax of up to 15% on retail sales, according to the bill. Fees for those applying for cannabis establishment licenses would be capped at $5,000 each.

H.B. 1361 would legalize and regulate…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!