OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
HB-6700
AN ACT CONCERNING HEMP LICENSEES AND THE ADULT -USE
CANNABIS MARKET.
AMENDMENT
LCO No.: 9778
File Copy No.: 202
House Calendar No.: 151
Primary Analyst: EW 6/7/23
Contributing Analyst(s): ()
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect FY 24 $ FY 25 $
Revenue Serv., Dept. Various -
Potential
Revenue Gain
See Below See Below
Note: Various=Various
Municipal Impact: None
Explanation
The amendment strikes the underlying bill and its associated impact.
The amendment results in a potential revenue gain in sales tax to the
state by allowing the sale of manufacturer hemp products in licensed
dispensary facilities and cannabis retailers. Any tax revenue impact
would be only to the extent that there is an increase in hemp products
sales rather than a shift from currently allowed transactions for hemp
products
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.