HB 2050

An Act providing for the regulation of cannabis and cannabis products for personal use and for exemptions related to the personal use of cannabis and cannabis products; establishing a cannabis regulatory control board and providing for its powers, duties and restrictions; conferring powers and imposing duties on the Department of Revenue, the Department of Agriculture, the Department of Health and the Office of Attorney General; regulating the cultivation, processing, distribution, testing, transporting, sale and offering for sale of cannabis and cannabis products; providing for licensing and permitting of cannabis entities, cannabis microbusinesses, cannabis testing laboratories and other persons engaged in a regulated activity, for certification or registration of essential employees, officers, principals and other persons and for social and economic equity; establishing the Office of Social and Economic Equity and the Cannabis Business Development Fund; providing for diverse business development and a grant and loan program; establishing the Cannabis Revenue Fund; providing for Communities Reimagined and Reinvestment Program, for Community Reimagined and Reinvestment Account and for Substance Abuse Prevention, Treatment and Education Fund; imposing fees, taxes and assessments on cannabis entity licensees, permittees and persons engaged in a regulated activity; and providing for enforcement, for prohibited acts, for penalties, for sanctions and immunities, for certain expungements, for transfer of functions of the Department of Health and for medical marijuana.