MS HB122

Authorizes Alcorn State University to establish a cooperative farming program allowing local farmers to cultivate marijuana exclusively for distribution to licensed out-of-state medical marijuana vendors, with farmers protected from state prosecution if operating under a memorandum of understanding with the university.

Requires Alcorn State University to develop rules and regulations addressing ownership limits, cultivation maximums, seed procurement, seed-to-sale tracking systems, farm security, law enforcement reporting procedures, accountability measures, secure transportation, university oversight, and fees for participating farmers.

Creates the Medical Marijuana Local Farmers Special Fund in the state treasury to receive fees collected by Alcorn State University (minus 3% administrative costs), with monies subject to annual legislative appropriation for attracting students to professions with documented professional shortages including teaching, nursing, and social work.

Permits local jurisdictions to enact ordinances restricting or prohibiting medical marijuana farms within their boundaries and establishes this act as the exclusive means for medical marijuana cultivation, sale, and distribution by local farmers in Mississippi.

Amends multiple sections of Mississippi's controlled substances law (sections 41-29-125, 41-29-127, 41-29-136, 41-29-137, 41-29-139, 41-29-141, and 41-29-143) to exempt actions of authorized local farmers from drug trafficking and possession penalties, and requires Alcorn State University to submit annual reports to the legislature on program operations, revenue, and enforcement measures.