AN ACT CONCERNING THE CANNABIS TOTAL THC TAX.

SB 59 would replace the current cannabis tax, which is calculated based on the total THC (tetrahydrocannabinol) content of products, with a flat tax rate. This change would directly affect cannabis businesses selling products in the state, as they would no longer need to measure THC levels for tax purposes and would instead pay a fixed tax per product. The bill's key provision is amending Chapter 214c to implement this simpler tax structure, eliminating variable calculations based on product potency.