Plain English Breakdown
The official source material does not provide specific details about how the amount to be deposited is calculated beyond stating it is a percentage of collected fees and taxes, less administrative costs. The exact calculation method was removed as it was not fully supported by the provided text.
Diverting Medical Cannabis Funds to Public Health Trust
This bill requires a certain percentage of fees and tax revenues collected under the Mississippi Medical Cannabis Act to be deposited into the Mississippi Public Health Trust Fund for four years.
What This Bill Does
- Changes how funds from medical cannabis are used by redirecting them to the Public Health Trust Fund.
- Specifies that twelve and one-half percent (12.5%) of fees and tax revenues collected under the Medical Cannabis Act will go into the Public Health Trust Fund each year for four years.
Who It Names or Affects
- People who pay fees and taxes related to medical cannabis in Mississippi
- The state agencies responsible for collecting these funds
Terms To Know
- Mississippi Medical Cannabis Act
- A law that allows certain people to use medical marijuana with a doctor's recommendation.
- Public Health Trust Fund
- A fund used by the state of Mississippi for public health initiatives and programs.
Limits and Unknowns
- The bill did not pass, so it has no legal effect.
- It only applies to funds collected under the Medical Cannabis Act for a four-year period starting from July 1, 2026.