Enactment of this legislation could increase dedicated credits revenue to the Department of Agriculture and Food by an estimated $97,500 in FY 2027 and $195,000 beginning in FY 2028 resulting from registration fees. Enactment of this legislation could increase revenue to the Cannabinoid Proceeds Restricted Account by an estimated $58,800 in FY 2027 and $117,700 beginning in FY 2028 resulting from license fees and specialized product tax. Enactment of this legislation could impact state sales tax revenue resulting from the repeal of the cannabinoid product exemption as follows: to the General Fund, $11,000 in FY 2027 and -$102,000 beginning in FY 2028; to the Transportation Investment Fund of 2005, $36,000 in FY 2027 and $88,000 beginning in FY 2028; to all other restricted account earmarks, $10,000 in FY 2027 and $24,000 beginning in FY 2028.

Enactment of this legislation could cost the Tax Commission $38,800 one-time from the State Tax Commission Administrative Charge Account in FY 2027 for implementing changes to the State's tax systems, forms, instructions, training and processes. Enactment of this legislation could also cost the Department of Agriculture and Food an estimated $48,800 one-time in FY 2027 and $97,700 ongoing starting in FY 2028 from the Cannabinoid Proceeds Restricted Account and an estimated $97,500 one-time in FY 2027 and $195,000 ongoing starting in FY 2028 from Dedicated Credits Revenue for 2 full-time equivalent employees to support administration and enforcement duties of the specialized products division.