1. (1) A tax is imposed on a cannabinoid product at a rate of .10 multiplied by the retail price.

2. (2)

   1. (a) A licensee shall collect the tax imposed under Subsection (1) from a purchaser at the time the cannabinoid product is sold.
   2. (b) A consumer that purchases or receives an untaxed cannabinoid product shall pay the tax at the time the cannabinoid product is first received in this state.

Enacted by Chapter 35, 2024 General Session