Section 333.29107 – Industrial Hemp Fund.
333.29107 Industrial hemp fund. Sec. 107. (1) The industrial hemp fund is created within the state treasury. (2) The state treasurer may receive the fees collected under section 511 for deposit into the fund. The state treasurer may also receive money or other assets from any other source for deposit into the fund. The state […]
Section 333.29201 – Grower Registration; Application; Requirements.
333.29201 Grower registration; application; requirements. Sec. 201. (1) A person shall not grow industrial hemp in this state unless the person is a grower. (2) A person applying for a registration under this section shall do so on an application and in a manner provided by the department. The applicant shall include with the application […]
Section 333.29211 – Initial Registration; Expiration; Renewal; Nontransferability.
333.29211 Initial registration; expiration; renewal; nontransferability. Sec. 211. (1) An initial registration granted by the department under this act expires at midnight on January 31 immediately following the date on which the registration is granted. (2) Other than a registration granted under subsection (1), a registration is valid for 1 year beginning on February 1 […]
Section 333.29213 – Denial of Application; Notification.
333.29213 Denial of application; notification. Sec. 213. (1) The department shall approve or deny an application for a registration within 120 days after the completed application is submitted. (2) The department shall deny an application for a registration if any of the following apply: (a) The application is incomplete. (b) If the applicant is an […]
Repealed – Act 137 of 2020 – Industrial Hemp Growers Act (333.28101 – 333.28101)
INDUSTRIAL HEMP GROWERS ACTAct 137 of 2020333.28101 – 333.28701 Repealed. 2020, Act 220, Imd. Eff. Oct. 16, 2020.
Section 333.27962 – Deduction of Certain Expenses From Income.
333.27962 Deduction of certain expenses from income. Sec. 12. In computing net income for marihuana establishments, deductions from state taxes are allowed for all the ordinary and necessary expenses paid or incurred during the taxable year in carrying out a trade or business. History: 2018, Initiated Law 1, Eff. Dec. 6, 2018 Compiler’s Notes: This […]
Section 333.27963 – Imposition of Excise Tax.
333.27963 Imposition of excise tax. Sec. 13. 1. In addition to all other taxes, an excise tax is imposed on each marihuana retailer and on each marihuana microbusiness at the rate of 10% of the sales price for marihuana sold or otherwise transferred to anyone other than a marihuana establishment. 2. Except as otherwise provided […]
Section 333.27964 – Marihuana Regulation Fund; Creation; Administration; Allocation of Expenditures.
333.27964 Marihuana regulation fund; creation; administration; allocation of expenditures. Sec. 14. 1. The marihuana regulation fund is created in the state treasury. The department of treasury shall deposit all money collected under section 13 of this act and the department shall deposit all fees collected in the fund. The state treasurer shall direct the investment […]
Section 333.27965 – Violations; Penalties.
333.27965 Violations; penalties. Sec. 15. A person who commits any of the following acts, and is not otherwise authorized by this act to conduct such activities, may be punished only as provided in this section and is not subject to any other form of punishment or disqualification, unless the person consents to another disposition authorized […]
Section 333.27966 – Failure to Act by Department; Application to Municipality.
333.27966 Failure to act by department; application to municipality. Sec. 16. 1. If the department does not timely promulgate rules as required by section 8 of this act or accept or process applications in accordance with section 9 of this act, beginning one year after the effective date of this act, an applicant may submit […]