Senate Bill 2768 Summary

• Removes marijuana from Schedule I controlled substances list, effectively legalizing recreational marijuana in Mississippi.

• Imposes a 7% tax on gross proceeds from retail sales of cannabis products through new Section 27-65-28.

• Reduces penalties for possession of small amounts of synthetic cannabinoids (up to 10 grams) to civil fine of $100-$250 for first offense.

• Maintains criminal penalties for larger quantities of controlled substances and trafficking, with enhanced penalties for Schedule I/II drugs (except marijuana and synthetic cannabinoids).

• Extends repeal date of Harper Grace's Law (CBD research program for epilepsy) from July 1, 2021 to July 1, 2022.