Bill > S350

This bill establishes a comprehensive framework for the legalization, regulation, and taxation of cannabis in North Carolina, with several key provisions. The bill creates a new regulatory system through the North Carolina Alcoholic Beverage Control Commission, establishes an Office of Community Reinvestment to promote equity in the cannabis industry, and allows for the personal use of cannabis by adults 21 and older. The legislation includes provisions for cannabis establishment licensing, with a focus on prioritizing individuals from communities disproportionately impacted by previous cannabis prohibition. It sets up a taxation structure for cannabis sales, with tax revenues allocated to various state funds and programs, including community reinvestment, substance abuse treatment, and education. The bill also creates a medical cannabis program, allowing patients with qualifying conditions to access cannabis with a physician's certification. Additionally, the legislation provides for the automatic expungement of certain past marijuana-related offenses and makes conforming changes to existing state laws to remove cannabis-related criminal penalties. The implementation of most provisions is set for January 1, 2026, giving the state time to develop the necessary regulatory infrastructure and systems.

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