§ 845

S.A. chapter 7, subchapter 5. The Fund shall be maintained by the Cannabis Control Board. [Subsection (b) effective until July 1, 2025; see also subsection (b) effective July 1, 2025 set out below.] (b) The Fund shall be composed of:(1) all State application fees, annual license fees, renewal fees, and civil penalties collected by the Board pursuant to chapters 33 (cannabis establishments) and 37 (medical cannabis dispensaries) of this title; (2) all annual and renewal fees collected by the Board pursuant to chapter 35 (medical cannabis registry) of this title; and (3) all cannabis excise tax revenue raised pursuant to 32 V.S.A. § 7902. [Subsection (b) effective July 1, 2025; see also subsection (b) effective until July 1, 2025 set out above.] (b) The Fund shall be composed of:(1) all State application fees, annual license fees, renewal fees, and civil penalties collected by the Board pursuant to chapters 33 (cannabis establishments) and 37 (medical cannabis dispensaries) of this title; (2) all annual and renewal fees collected by the Board pursuant

enalties collected by the Board pursuant to chapters 33 (cannabis establishments) and 37 (medical cannabis dispensaries) of this title; (2) all annual and renewal fees collected by the Board pursuant to chapter 35 (medical cannabis registry) of this title; and (3) [Repealed.](c) Monies from the Fund shall only be appropriated for the purposes of implementation, administration, and enforcement of this chapter and chapters 33, 35, and 37 of this title. [Subsection (d) effective until July 1, 2025; see also subsection (d) effective July 1, 2025 set out below.] (d) The Commissioner of Finance and Management shall do the following not later than July 31 each year: (1) transfer the unexpended and unobligated balance of the Cannabis Regulation Fund to the General Fund at the close of the prior fiscal year; and (2) report the amount of the transfer made pursuant to subdivision (1) of this subsection to the Joint Fiscal Committee. [Subsection (d) effective July 1, 2025; see also subsection (d) effective until July 1, 2025 set out above.] (d) [Repealed.] (Added 2019, No. 164 (Adj. Sess.), § 2, eff. Oct. 7, 2020; amended 2021, No. 185 (Adj. Sess.), § E.240.1, eff. July 1, 2023; 2021, No.

(d) effective until July 1, 2025 set out above.] (d) [Repealed.] (Added 2019, No. 164 (Adj. Sess.), § 2, eff. Oct. 7, 2020; amended 2021, No. 185 (Adj. Sess.), § E.240.1, eff. July 1, 2023; 2021, No. 185 (Adj. Sess.), § E.240.5, eff. July 1, 2025; 2023, No. 65, § 3, eff. June 14, 2023.)