Montana Senate Bill 307 was approved today by the Business, Labor, and Economic Affairs Committee.
Sponsored by State Senator T. McGillvray, the bill was given approval by the committee by a vote of 8 to 4, moving it towards a vote of the full House. The measure would significantly alter the allocation of marijuana tax revenue in Montana, redirecting funds toward prevention services, law enforcement, and addiction treatment programs.
Under current law, Montana imposes a 20% sales tax on recreational marijuana, with the revenue distributed to various state programs, including conservation efforts, veterans’ services, and the general fund. SB 307 proposes a restructuring of this allocation by establishing a Marijuana Prevention Account, a Marijuana Law Enforcement Operations Account, and a Marijuana Tax Revenue Accountability Council to oversee funding distribution.
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