Under current law, recreational cannabis is taxed at three different levels, 25% at each level. Under House Bill 2136, most of which takes effect tomorrow, this system will be replaced with a single 37% tax which would be paid at the point of sale between retailers and their customers.
The new law also allows jurisdictions to reduce the current restrictions limiting cannabis outlets from being located within 1,000 feet of a childcare center, public park, transit center, library or arcade; they would be allowed to reduce this to within 100 feet.
To encourage cities and counties to allow cannabis businesses, the bill directs the state to share tax revenue gained from cannabis sales only with areas that allow cannabis retail outlets.
The full text of House Bill 2136 can be found here.