Montana Is On Its Way To Legalizing Recreational Cannabis In 2021
Gov. Gianforte signed HB 701 earlier this week
In recent news the Governor of Montana earlier this week signed his name on House Bill 701. This bill is an important piece of cannabis legislation. This new bill would establish and regulate Montana’s potential recreational marijuana industry. This ballot initiative was approved by voters back in 2020. This initiative would cover the cost of a substance abuse prevention program. Which has been supported by Gov. Greg Gianforte ever since he first took office.
Rep. Mike Hopkins, R-Missoula who is a sponsor of this cannabis bill had a long road before making its way to Gov. Gianforte’s desk. Which is one of many proposals that have been sent off during the back half of the session. Yet on the 67th Legislature’s last day, the Senate considered an ultimately failed proposal to amend this bill. HB701’s particularly arranged taxation and the system to collect revenue and efficiently tighten medical card specifications.
With HB701, in place, the purchase of recreational marijuana for those 21 and older will start in January of next year. For the counties in Montana that voted for I-190, the ballot initiative legalizing adult-use cannabis. This measure will have recreational cannabis in its borders by default. However, some voters in other counties will have to take affirmative action. Taking action would help to bring recreational marijuana in their boundaries if they wanted it. The tax on recreational marijuana will stand at 20 percent, while medical marijuana will retain a 5 percent tax.
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