Authorizes distributors of cannabis products to file annual returns electronically

This bill allows cannabis product distributors to choose between filing their tax returns quarterly or annually instead of being required to file every three months. Under the new rules, companies that opt for the annual schedule must submit their electronic tax filings by the 20th day of the month following December. The change applies specifically to distributors subject to the state's cannabis tax and aims to reduce the frequency of reporting for these businesses.