Bill > HB447

This bill establishes the Texas Regulation and Taxation of Cannabis Act, which authorizes the regulation of the cultivation, manufacture, distribution, sale, testing, possession, and use of cannabis and cannabis products in the state. Key provisions include: - Defining cannabis and related terms, and establishing protections from legal action for authorized conduct related to personal use and retail cannabis operations. - Requiring the Texas Department of Licensing and Regulation to administer the chapter, adopt necessary rules, and establish licensing requirements for cannabis growers, establishments, transporters, and testing facilities. - Imposing a 10% sales tax on cannabis and cannabis products, with revenue allocated to local governments, a cannabis testing and quality control fund, a cannabis regulation fund, and a public school teachers fund. - Prohibiting local governments from unreasonably restricting cannabis activities authorized under the chapter, while allowing some local regulation. - Creating a criminal offense for selling or distributing cannabis or cannabis products to minors. The bill directs the regulatory agency to adopt implementing rules by July 1, 2022 and begin issuing licenses by November 1, 2022, with the overall Act taking effect on September 1, 2021.