(a) Effective July 1, 2016, all fees collected by the departments of health and business regulation from applicants, registered patients, primary caregivers, authorized purchasers, licensed medical marijuana cultivators, cooperative cultivations, compassion centers, other licensees licensed pursuant to this chapter, and compassion-center and other registry identification cardholders shall be placed in restricted-receipt accounts to support the state's medical marijuana program, including but not limited to, payment of expenses incurred by the departments of health and business regulation for the administration of the program. The restricted-receipt account will be known as the "medical marijuana licensing account" and will be housed within the budgets of the departments of business regulation and health.
(b) All revenues remaining in the restricted-receipt accounts after payments specified in subsection (a) of this section shall first be paid to cover any existing deficit in the department of health's restricted-receipt account or the department of business regulation's restricted-receipt account. These transfers shall be made annually on the last business day of the fiscal year.
(c) All revenues remaining in the restricted-receipt accounts after payments specified in subsections (a) and (b) shall be paid into the state's general fund. These payments shall be made annually on the last business day of the fiscal year.
History of Section.
P.L. 2016, ch. 142, art. 14, § 2; P.L. 2017, ch. 302, art. 7, § 1; P.L. 2019, ch. 88, art. 15, § 5.