AN ACT CONCERNING THE CANNABIS TOTAL THC TAX.

Plain English Breakdown

The effective date and specific tax rates are not included in the provided source material, so they remain unknowns.

Changing How Cannabis Is Taxed

This bill changes how taxes are calculated for cannabis by replacing the current method that uses total THC levels with a single fixed rate.

What This Bill Does

• Amends Chapter 214c of the general statutes to change tax rules.
• Replaces the existing tax system based on total THC content in cannabis products with a flat excise tax.

Terms To Know

Total THC

The amount of tetrahydrocannabinol used to calculate the current cannabis tax.

Flat excise tax

A fixed rate or fee charged for an item, replacing a system based on specific ingredients or strength.

Limits and Unknowns

• The official text does not state the exact dollar amount or percentage for the new flat tax.
• The source material does not specify when this change will take effect after passing.

Official Summary Text

To replace the cannabis tax based on total THC with a flat excise tax.

Current Bill Text

LCO No. 335 1 of 1

General Assembly Proposed Bill No. 59
February Session, 2026 LCO No. 335

Referred to Committee on FINANCE, REVENUE AND
BONDING

Introduced by:
SEN. PERILLO J., 21st Dist.

AN ACT CONCERNING THE CANNABIS TOTAL THC TAX.
Be it enacted by the Senate and House of Representatives in General
Assembly convened:

That chapter 214c of the general statutes be amended to replace the 1
cannabis tax based on total THC with a flat excise tax. 2
Statement of Purpose:
To replace the cannabis tax based on total THC with a flat excise tax.