MO HJR86

Legalizes possession and use of marijuana for adults 21 years or older, with one ounce or less legal to possess and up to six plants (three mature) legal to grow for personal use in an enclosed, locked space

Establishes a regulated system of licensed marijuana establishments including cultivation facilities, product manufacturing facilities, testing facilities, and retail stores, with the Department of Revenue overseeing state-level licensing

Imposes an excise tax on marijuana sales at a rate not to exceed 15 percent before January 1, 2019, with tax revenue going to general revenue and early childhood education/social services programs (up to 5 percent)

Prohibits selling or transferring marijuana to minors under 21, maintains existing driving under the influence laws, and allows employers and property owners to restrict marijuana use in their workplaces and properties

Gives localities authority to regulate the time, place, manner, and number of marijuana establishments, with the ability to prohibit operations through ordinances or ballot measures, and establishes a fallback licensing process if the Department of Revenue fails to issue licenses by January 1, 2016