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d�. <br /> iaxation and revvime <br /> Q12. How will these new products be taxed? <br /> Al2.A tax equal to 10%of gross receipts from retail sales of taxable cannabis products will be <br /> imposed on any taxable cannabis product retailer that sells cannabis products to customers. <br /> Return to top of page <br /> yM: <br /> Q13, Can our cityimpose its own cannabis tax? <br /> A13, Cities are prohibited from imposing a tax solely on the sale of taxable cannabis products. <br /> s <br /> Return to top of page <br /> l <br /> s <br /> Q14. Cho sales taxes apply? <br /> A14.The state sales tax and local sales taxes apply to cannabis and hemp-derived cannabinoid <br /> products. <br /> Return to top of page <br /> Q15. Who receives taxes collected f rom the sale of cannabis <br /> s <br /> products? <br /> f <br /> A15,Revenues from the retail sales of cannabis products will be divided,with 80%going to the <br /> i%. <br /> general fund and 20%to the local government cannabis aid account. Cities will receive 50% of <br /> the amount certified to the local government cannabis aid account. <br /> Return to top of page <br /> Q16. What is considered a taxable cannabis product retailer? ' t <br /> A16,A taxable cannabis product retailer is a retailer that sells any taxable cannabis products. <br /> This includes a cannabis retailer, cannabis microbusiness, cannabis mezzobusiness, and lower- <br /> potency hemp edible retailer.Minn. Stat§295.81, subd. 1(s). <br /> Return to top of page ' <br /> �l. <br /> Q17. How much revenue will cities receive from the local <br /> government cannabis aid fund? <br /> A17.Half of the amount certified in the cannabis local government aid fund will go to cities. <br /> Cities will receive a distribution proportional to the number of cannabis businesses located in <br /> the city as compared to the number of cannabis businesses in all cities. <br /> Return to top of page <br /> Q18. When will cities receive revenue f rom the local government <br /> cannabis aid account? <br /> A18.The gross receipts tax goes is effective for gross receipts received after June 30, 2023.The <br /> laver requires the Department of Revenue to certify the amount to be aid to each city b Sept. 1 <br /> q p �` p � y p <br /> 2024 and ever year after, and the full amount must be aid on Dec. 2� 2024 and ever year <br /> every � p � � YY <br /> after. <br /> 3 <br /> Return to top of page <br /> I <br /> nei: <br /> I%. <br />