1. (1) There is created within the General Fund a restricted account known as the "Cannabinoid Proceeds Restricted Account."

2. (2) The Cannabinoid Proceeds Restricted Account consists of:

   1. (a) revenue collected from the tax imposed by Section 59-31-301; and
   2. (b) amounts appropriated by the Legislature.

3. (3) Subject to appropriation, money in the account may be used for the following:

   1. (a) enforcement of Title 4, Chapter 41, Hemp and Cannabinoid Act by the Department of Agriculture and Food;
   2. (b) investigations described in Section 77-39-101, regarding cannabinoid products;
   3. (c) the Industrial Hemp Grant Program created in Section 63N-3-1302; and
   4. (d) provided to counties, cities, and towns in proportion to the county's, city's, or town's distribution under Section 59-12-205 for the preceding fiscal year.

Enacted by Chapter 35, 2024 General Session