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TN SB1849

TN SB1849
As introduced, authorizes the retail sale of marijuana; levies a 12 percent tax on the retail sale of marijuana. - Amends TCA Title 29, Chapter 38; Title 39; Title 40; Title 53, Chapter 11; Title 67; Title 68 and Title 71.


summary

Introduced
01/24/2020
In Committee
Crossed Over
Passed
Dead
06/19/2020

Introduced Session

111th General Assembly

Bill Summary

As introduced, authorizes the retail sale of marijuana; levies a 12 percent tax on the retail sale of marijuana. - Amends TCA Title 29, Chapter 38; Title 39; Title 40; Title 53, Chapter 11; Title 67; Title 68 and Title 71.

AI Summary

This bill authorizes the retail sale of marijuana in Tennessee and imposes a 12% tax on such sales. The bill amends various sections of the Tennessee Code Annotated, including Title 39 (Criminal Offenses), Title 67 (Taxes and Licenses), and other related titles. The key provisions include allowing the legal sale of marijuana by registered and licensed businesses, restricting sales to individuals 21 and older, and earmarking the tax revenue for the state's general fund, educational purposes, and infrastructure projects. The bill aims to establish a regulated marijuana market in Tennessee.

Committee Categories

Justice

Sponsors (1)

Last Action

Action deferred in Senate Judiciary Committee to 12/1/2020 (on 06/09/2020)

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