Increasing the cannabis excise tax on high THC cannabis products.

HB 2075 increases the state's cannabis excise tax on high-THC products to 50% of the selling price, up from 37% for lower-THC items. It directly affects retailers selling cannabis concentrates or useable cannabis with over 35% THC to general consumers (not medical patients, who remain exempt until 2029). The key mechanism sets tiered tax rates based on THC concentration, requires the tax to be itemized separately on receipts, and directs all revenue to a dedicated cannabis account. The bill also mandates the board to review tax levels and report on sales impacts, though it does not change medical cannabis exemptions.