OFFICE OF FISCAL ANALYSIS
Legislative Office Building, Room 5200
Hartford, CT 06106 (860) 240-0200
http://www.cga.ct.gov/ofa
sHB-5235
AN ACT CONCERNING THE DEPARTMENT OF CONSUMER
PROTECTION'S RECOMMENDATIONS REGARDING CANNABIS
REGULATION.
As Amended by House "A" (LCO 4874)
House Calendar No.: 98
Primary Analyst: EW 5/1/24
Contributing Analyst(s):
Reviewer: MM
OFA Fiscal Note
State Impact:
Agency Affected Fund-Effect FY 25 $ FY 26 $
Department of Revenue Services Various -
Potential
Revenue Loss
See Below See Below
Note: Various=Various
Municipal Impact:
Municipalities Effect FY 25 $ FY 26 $
Various Municipalities Potential
Revenue
Loss
See Below See Below
Explanation
The bill results in a potential state and municipal revenue loss from
the applicable sales and excise taxes on cannabis by prohibiting the sale
of synthetic cannabinoids at cannabis establishments. Any shift in sales
to allowable cannabis products would limit the revenue loss from this
bill.
This bill makes other various changes regarding cannabis regulations
that have no fiscal impact.
House “A” makes various changes regarding cannabis regulations
that are not anticipated to result in a fiscal impact. 2024HB-05235-R010649-FN.DOCX Page 2 of 2
The Out Years
The annualized ongoing fiscal impact identified above would
continue into the future subject to inflation.