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Key Aspects
Among the regulations enacted by the commission:
- Consumers over the age of 21 can legally buy and possess up to one ounce of cannabis or an equivalent amount of cannabis products.
- Marketing of cannabis products will be limited to those 21 and older.
- The state will prioritize three types of businesses in the licensing process: companies owned by minorities, women and disabled veterans, as well as for those from poor areas and past marijuana-related criminal offenses.
- Initial license fees start as low as $100, with annual fees ranging from $1,000 for a microbusiness to $50,000 for a cultivator with 150,000 sq. ft. of cultivation capacity.
- The number of licenses for cultivators will be set at 37 for two years.
- Towns can determine if a cannabis business can operate within their municipal boundaries and grants officials the ability to limit hours of operation, number of licenses and whether to enact a two-percent transfer tax on any sales.