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Home»Mississippi Cannabis News»New Regulations on Possession Amounts: Understanding Taxes and Fees for Consumers
Mississippi Cannabis News

New Regulations on Possession Amounts: Understanding Taxes and Fees for Consumers

Mississippi Cannabis News<span class="bp-verified-badge"></span>By Mississippi Cannabis NewsSeptember 28, 2021No Comments3 Mins Read
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As Mississippi awaits Governor Tate Reeves’ decision to call a special session of the legislature to establish a medical marijuana program, an examination of the proposed legislation reveals its structure and potential implications. The Republican-drafted bill outlines regulatory responsibilities for state agencies, sets possession limits, imposes taxes, and specifies eligibility criteria for medical marijuana in the state. However, it is important to note that the proposal may undergo significant changes before a vote is cast.

Eligibility for Medical Marijuana

The bill includes a broad range of qualifying conditions for patients eligible for medical marijuana. Individuals suffering from cancer, Parkinson’s disease, Huntington’s disease, HIV, AIDS, Crohn’s disease, Alzheimer’s disease, chronic pain, nausea, and muscle spasms, among others, may be prescribed medical cannabis. Healthcare providers such as physicians, nurse practitioners, physician assistants, and optometrists must certify a patient’s medical cannabis use, establishing a “bona fide” relationship that includes a six-month follow-up visit. Patients will be eligible for a 12-month certification for medical cannabis.

Purchasing Limits

Under the proposed legislation, patients can acquire up to 32 Mississippi Medical Cannabis Equivalency Units (MMCEUs) per month. One MMCEU is defined as either 3.5 grams of cannabis flower, 1 gram of cannabis concentrate, or 100 milligrams of a THC-infused product. Medical marijuana will be available in various forms, including edibles, tinctures, oils, and smokable flower.

Municipal Opt-Out Provisions

The legislation allows municipalities to opt-out of the medical marijuana program within 90 days of the bill becoming law. However, citizens can challenge this decision through a referendum process. Additionally, local governments have the authority to enforce zoning regulations concerning the location of medical cannabis facilities.

Taxation Framework

Unlike conventional prescription medications, medical marijuana sales will incur a 7% state sales tax. Furthermore, cannabis growers will face a $15 excise tax per ounce of harvested cannabis flower or trim. The bill also details a fee structure for growers based on the size of their canopy, with those having 1,000 square feet or less subject to a one-time $1,500 fee and a $2,500 annual licensing fee.

Regulatory Oversight

The regulatory framework will involve multiple state agencies, including the Mississippi Department of Agriculture and Commerce, the state Department of Health, and the Department of Revenue. The Department of Agriculture and Commerce will manage growers, processors, and the transportation of cannabis, while the Department of Health will oversee the issuance of patient cards and the tracking of cannabis products from cultivation to sale. The Department of Revenue is tasked with collecting the applicable taxes.

This proposed medical marijuana legislation highlights Mississippi’s evolving policy landscape regarding cannabis, presenting potential opportunities and challenges for local communities and individuals alike.

Author: Mississippi Cannabis News

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