TX SB1505

Redefines "low-THC cannabis" from one percent THC by weight to not more than five milligrams of tetrahydrocannabinols per dosage unit, with packages limited to a maximum of 300 milligrams total THC

Allows administration of low-THC cannabis through pulmonary inhalation (vaporization/aerosolization) when a physician determines medical necessity, explicitly excluding this from the definition of prohibited "smoking"

Permits licensed dispensing organizations to operate satellite storage locations without obtaining additional licenses, subject to department approval and security requirements

Limits the state to a maximum of six dispensing organization licenses and requires license holders to begin dispensing within 24 months of licensure and continue operations throughout their license term

Prescriptions are limited to a 90-day supply, and local governments are prohibited from enacting regulations that ban cultivation, production, storage, dispensing, or possession of low-THC cannabis authorized under the program