OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
HB-5329
AN ACT CONCERNING CANNABIS.
AMENDMENT
LCO No.: 4818
File Copy No.: 202
House Calendar No.: 183
Primary Analyst: ME 4/19/22
Contributing Analyst(s): (SL)
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect FY 22$ FY 23$ FY 24$
Resources of the
General Fund
GF - Revenue
Loss
None None 5.3 million
Resources of the
General Fund
GF - Revenue
Impact
See Below See Below See Below
Note: GF=General Fund
Municipal Impact:
Municipalities Effect FY 22$ FY 23$ FY 24$
Various
Municipalities
Revenue
Impact
See Below See Below See Below
Explanation
The amendment makes various changes regarding cannabis resulting
in the revenue impact described below.
Sections 2 to 3 reduce the fine for gifting cannabis resulting in a
reduction in the potential revenue gain to the state and municipalities
in the underlying bill.
The amendment also changes the effective date to effective from
passage resulting in a potential revenue gain to the state and
municipalities in FY 22 to the extent fines are administered. 2022HB-05329-R00LCO04818-FNA.DOCX Page 2 of 2
Section 505 and 507 remove the fees for a medical marijuana license
beginning July 1, 2023 resulting in an annual revenue loss to the state of
approximately $5.3 million beginning in FY 24.
The amendment also makes various cannabis related changes that
result in no fiscal impact to the state or municipalities.
The preceding Fiscal Impact statement is prepared for the benefit of the members of the General Assembly, solely
for the purposes of information, summarization and explanation and does not represent the intent of the General
Assembly or either chamber thereof for any purpose. In general, fiscal impacts are based upon a variety of
informational sources, including the analyst’s professional knowledge. Whenever applicable, agency data is
consulted as part of the analysis, however final products do not necessarily reflect an assessment from any
specific department.