Tennessee Senate Bill SB2468

Tennessee 2023-2024 Regular Session

• Introduced: 1/30/24

Caption

AN ACT to amend Tennessee Code Annotated, Title 29, Chapter 38; Title 39; Title 40; Title 53, Chapter 11; Title 67; Title 68 and Title 71, relative to marijuana.

Impact

The implications of SB2468 are notable, particularly as it proposes to transform how marijuana is treated under Tennessee law. With the introduction of regulations that allow the legal sale of marijuana to individuals aged 21 and over, the bill could significantly alter public perceptions and the legal landscape surrounding marijuana use and commerce. Furthermore, the establishment of a tax on marijuana sales (levied at a rate of 12%) is expected to generate substantial revenue for state programs, particularly those relating to education and infrastructure. This aspect of the bill points to a strategic approach in utilizing marijuana regulation for broader fiscal benefits.

Summary

Senate Bill 2468 aims to amend various sections of the Tennessee Code Annotated primarily concerning the regulations around marijuana. The bill introduces significant changes, including the decriminalization of possession of small amounts of marijuana and establishes a legal framework for its sale and distribution. By allowing entities to grow, process, and sell marijuana under strict regulatory conditions, the bill seeks to legitimize what has often been regarded as an illicit activity in the state. The proposed changes also lay groundwork for the taxation of marijuana sales, thereby potentially creating a new revenue stream for the state.

Contention

However, the bill is not without its points of contention and potential challenges. Opponents may argue that the introduction of legalized marijuana could lead to increased use among minors and road user safety concerns. Moreover, discussions around local control versus state regulations may intensify, particularly if counties wish to impose stricter standards than those proposed in SB2468. Critics are likely to express concerns over the societal impacts of marijuana commercialization, despite potential economic benefits. The legislative debate surrounding SB2468 will likely weigh heavily on these factors as the bill progresses.