Own your ow legal marijuana business

Your guide to making money in the multi-billion dollar marijuana industry

House File 554

Partial Bill History

• Bill Introduced: H.J. 1140
• Passed House: H.J. 1596
• Passed Senate: S.J. 1255
• Signed by Governor: H.J. 1966
• Complete Bill History

Partial Bill Text

PAG LIN
 11  8    Sec. 29.  Section 453B.1, subsection 3, paragraph b, Code
 11  9 1995, is amended to read as follows:
 11 10    b.  Forty-two and one-half grams or more of processed
 11 11 marijuana or of a substance consisting of or containing
 11 12 marijuana.
 11 13    Sec. 30.  Section 453B.1, subsection 3, Code 1995, is
 11 14 amended by adding the following new paragraph after paragraph
 11 15 b and relettering:
 11 16    NEW PARAGRAPH.  c.  One or more unprocessed marijuana
 11 17 plants.
 11 18    Sec. 31.  Section 453B.1, Code 1995, is amended by adding
 11 19 the following new subsections:
 11 20    NEW SUBSECTION.  7A.  "Processed marijuana" means all
 11 21 marijuana except unprocessed marijuana plants.
 11 22    NEW SUBSECTION.  10.  "Unprocessed marijuana plant" means
 11 23 any cannabis plant at any level of growth, whether wet, dry,
 11 24 harvested, or growing.
 11 25    Sec. 32.  Section 453B.7, Code 1995, is amended to read as
 11 26 follows:
 11 27    453B.7  TAX IMPOSED &endash; RATE OF TAX.
 11 28    An excise tax is imposed on dealers at the following rates:
 11 29    1.  On each gram of processed marijuana, or each portion of
 11 30 a gram, five dollars.
 11 31    2.  On each gram or portion of a gram of any taxable
 11 32 substance sold by weight other than marijuana, two hundred
 11 33 fifty dollars.
 11 34    3.  On each unprocessed marijuana plant, seven hundred
 11 35 fifty dollars.
 12  1    3. 4.  On each ten dosage units of any taxable substance,
 12  2 other than unprocessed marijuana plants, that is not sold by
 12  3 weight, or portion thereof, four hundred dollars.