Repeals the excise tax on medical cannabis and the medical cannabis trust fund

This bill (A 4764) eliminates two existing provisions: the excise tax on medical cannabis sales and the medical cannabis trust fund (a dedicated funding program). It directly affects medical cannabis businesses and patients by removing the tax they pay and ending the dedicated funding stream. The bill repeals specific sections of the tax law (Section 490) and state finance law (Section 89-h), taking effect immediately upon passage.