HB 1464 Summary

• Legalizes possession and use of marijuana for persons 21 years of age or older, including possession of up to one ounce and cultivation of up to seven plants for personal use

• Establishes licensing system for marijuana establishments including cultivation facilities, product manufacturing facilities, testing facilities, and retail stores under Department of Taxation regulation

• Imposes excise and income taxes on marijuana sales with tax rates and revenue allocations to be specified in rules, with revenues deposited in state general fund

• Prohibits marijuana consumption in public, driving under the influence, sales to persons under 21, and allows employers and property owners to restrict marijuana use

• Takes effect July 1, 2017, with Department of Taxation required to adopt implementing rules by October 29, 2017 and begin accepting license applications by July 1, 2018