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130th MAINE LEGISLATURE |
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LD 1942 |
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LR 2595(01) |
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An Act To Make
Changes to the State's Hemp Program |
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Preliminary
Fiscal Impact Statement for Original Bill |
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Sponsor: |
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Committee: Agriculture, Conservation and
Forestry |
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Fiscal Note Required: Yes |
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| Preliminary
Fiscal Impact Statement |
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FY 2021-22 |
FY 2022-23 |
Projections FY 2023-24 |
Projections FY 2024-25 |
| Appropriations/Allocations |
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Other Special Revenue Funds |
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$0 |
($35,125) |
($35,125) |
($35,125) |
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| Revenue |
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Other Special Revenue Funds |
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$0 |
($35,125) |
($35,125) |
($35,125) |
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| Fiscal Detail
and Notes |
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The Department of
Agriculture, Conservation and Forestry has indicated that the changes in this
bill will cause 50% of Maine growers of hemp to leave the state program and
license directly with the United States Department of Agriculture, reducing
licensing revenue by $35,125 annually. The department will require a
deallocation of that amount beginning in fiscal year 2022-23. |
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