Bill > H1371

This bill, titled "The Cannabis Regulation and Taxation Act," aims to legalize and regulate the cannabis industry by establishing a framework for its cultivation, processing, distribution, and sale, while also imposing taxes. It creates a Cannabis Control Authority (CCA) responsible for overseeing the industry, issuing licenses, and enforcing regulations. The act permits adults aged 21 and over to possess and cultivate cannabis for personal use and allows for its gratuitous distribution, but it explicitly states that existing laws regarding driving under the influence of marijuana remain in effect. A key provision is the establishment of an excise tax on cannabis sales, calculated based on THC (Delta-9 tetrahydrocannabinol) content, with the goal of generating revenue and discouraging illicit sales. The bill outlines various license types, including cultivation, processing, trade, retail, import, research, and a combined farmer-processor-retailer license, each with specific requirements and annual fees. It also details regulations for packaging, labeling, advertising, and prohibits sales through vending machines. Revenue generated from license fees and taxes will be used to fund the CCA's operations, with any remaining funds going to the state's general fund, though local retail and farmer-processor-retailer license fees will be distributed to the respective municipalities. The bill also addresses issues such as license transfers, criminal background checks for applicants, and the display of licenses and warning signs.