Synopsis
This amendment requires the retail marijuana store application fee to be $15,000 and allows all application fees and the upper limits be adjusted for inflation annually, gives the Commission authority to exercise their discretion in determining whether or not to grant a registered compassion center application for a retail marijuana store license (changes "shall" to "may"), removes a requirement for the Commissioner to issue 40 retail marijuana store licenses within a set time period, cuts the marijuana excise taxes in half, and removes the requirement that 20% of the Marijuana Regulation Fund be allocated to the Department of Education. Additionally there is no process for a referendum on a general election ballot so that requirement is being removed.