Substitute for Raised H.B. No. 5329
Session Year 2022


AN ACT CONCERNING CANNABIS.

To: (1) Impose additional limitations on the manner in which cannabis may be gifted, sold or transferred; (2) impose additional penalties for prohibited gifts, sales and transfers of cannabis; (3) specify that a producer (A) shall be liable for the remainder of the full conversion fee if the producer fails to create two equity joint ventures that receive a final license within a specified time frame, and (B) that receives license expansion authorization shall not create more than two equity joint ventures; (4) specify that a dispensary facility (A) shall be liable for the remainder of the full conversion fee if the dispensary facility fails to create two equity joint ventures that each receive a final license within a specified time frame, and (B) that converts its license to a hybrid-retailer license shall not create more than two equity joint ventures; (5) provide that the Social Equity Council shall not approve any equity joint venture that shares the same social equity applicant with another equity joint venture; (6) ban cannabis billboard advertisements; (7) modify certain provisions concerning advertisements by cannabis establishments and related businesses; and (8) eliminate a provision that prohibits a municipality from granting zoning approval for more retailers or micro-cultivators than a number that would allow for one retailer and one micro-cultivator for every twenty-five thousand residents of the municipality.


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