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TN HB2413

TN HB2413
AN ACT to amend Tennessee Code Annotated, Title 29, Chapter 38; Title 39; Title 40; Title 53, Chapter 11; Title 67; Title 68 and Title 71, relative to marijuana.


summary

Introduced
01/30/2024
In Committee
02/01/2024
Crossed Over
Passed
Dead
04/25/2024

Introduced Session

113th 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 amends Tennessee's laws related to marijuana. It authorizes the retail sale of marijuana and levies a 12% tax on such sales. The bill specifies that marijuana can only be sold by registered businesses with the proper licenses, and sales are limited to individuals 21 and older, up to 0.5 ounces per transaction. Violations of the sales and distribution rules are punishable under existing controlled substance laws. The tax revenue from marijuana sales is earmarked, with 20% going to the general fund, 50% to educational purposes, and 30% to a special infrastructure account.

Committee Categories

Justice

Sponsors (1)

Last Action

Assigned to s/c Criminal Justice Subcommittee (on 02/06/2024)

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