Calculation of excise tax imposed on wet marijuana flower and wet marijuana trim

  1. Law
  2. Maine Revised Statutes
  3. TAXATION
  4. SPECIAL TAXES
  5. MARIJUANA EXCISE TAX (Title 36, chapter 723 as enacted by PL 2019, c. 548, §2 is REALLOCATED TO TITLE 36, CHAPTER 725)
  6. Calculation of excise tax imposed on wet marijuana flower and wet marijuana trim

Checkout our iOS App for a better way to browser and research.

§4923-A. Calculation of excise tax imposed on wet marijuana flower and wet marijuana trim

For purposes of the excise tax imposed pursuant to section 4923 on wet marijuana flower or wet marijuana trim, a cultivation facility licensee shall calculate the taxable weight by reducing the total weight of the wet marijuana flower or wet marijuana trim by 75% before applying the excise tax.   [PL 2021, c. 323, §5 (NEW).]

SECTION HISTORY

PL 2021, c. 323, §5 (NEW).


Download our app to see the most-to-date content.