Bill Summary for S 711 (2021)

Summary date: 

Jul 21 2021

Bill Information:

View NCGA Bill Details2021
Senate Bill 711 (Public) Filed Wednesday, April 7, 2021
Intro. by Rabon, Lee, Lowe.

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Bill summary

Senate committee substitute to the 2nd edition makes the following changes.

Revises new Article 5H, the NC Compassionate Care Act, as follows. Amends new GS 90-113.120, Regulated medical cannabis supply system, to appropriate the system revenues from license fees and monthly gross revenue fees to the Medical Cannabis Production Commission (rather than direct the Commission to use such fees) in order to fund the three previously specified cost categories, in order of priority. Adds that the required transfer to the General Fund of excess revenues remaining after fully funding the specified priorities must align with the fiscal calendar, requiring that the transfer be made at the beginning of the subsequent fiscal year.

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