AL SB306

Transfers primary responsibility for cannabis cultivation regulation, licensure, and enforcement from the Department of Agriculture and Industries to the Alabama Medical Cannabis Commission, with the department required to cooperate.

Establishes a three-step process for awarding five integrated facility licenses: (1) Alabama Securities Commission review panel determines basic eligibility requirements on objective pass/fail basis; (2) panel determines readiness of cultivation and dispensing operations; (3) Medical Cannabis Commission members score remaining applicants on multiple criteria and award licenses to top five scorers.

Prohibits transfer of integrated facility licenses, unlike other medical cannabis licenses which may be transferred with commission approval.

Requires integrated facility license applicants to demonstrate specific eligibility including residency, agriculture experience, disclosure of all beneficial owners and financial interests, criminal background checks for all parties with economic interests, detailed business plans, and proof of at least $250,000 in liquid assets.

Becomes effective June 1, 2024, and applies only to applicants who submitted applications by December 31, 2022.