Repeals existing conflicting laws regulating cultivation, sale, and use of cannabis and hemp. Legalizes cannabis and hemp, as defined. Expands judicial relief, including release from custody, for existing cannabis/hemp convictions. Prohibits permit, license, and tax requirements for personal uses; increases amount allowed for personal use. Prohibits commercial regulation beyond manner applicable to beer/wine; limits retail tax to 10%. Allows doctors to recommend cannabis without prescription; prohibits taxation of medicinal cannabis. Limits cannabis testing for employment or insurance purposes. Bars state or local aid to enforce federal cannabis/hemp laws. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local governments: Reduced state and local tax revenues related to the production and sale of cannabis, likely in the mid-to-high hundreds of millions of dollars annually. Reduced state and local license fee revenue – likely in excess of $100 million annually – which could result in some of the regulatory costs being supported from other fund sources (such as the state General Fund).
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