OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sHB-6700
AN ACT CONCERNING HEMP LICENSEES AND THE ADULT-USE
CANNABIS MARKET.
As Amended by House "A" (LCO 9778), House "B" (LCO 10158)
House Calendar No.: 151
Senate Calendar No.: 627
Primary Analyst: EW 6/15/23
Contributing Analyst(s):
Reviewer: CW
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect FY 24 $ FY 25 $
Department of Revenue Services Various -
Potential
Revenue Gain
See Below See Below
Note: Various=Various
Municipal Impact: None
Explanation
The bill 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 bill also makes clarifying changes to a Department of Agriculture
grant-in-aid program that has no fiscal impact.
House “A” strikes the underlying bill and its associated impact and
results in the revenue impact described above.
House “B” makes clarifying changes to a Department of Agriculture
grant-in-aid program that has no fiscal impact.
The Out Years 2023HB-06700-R01-FN.DOCX Page 2 of 2
The annualized ongoing fiscal impact identified above would
continue into the future subject to inflation.
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.