Marijuana Regulation and Taxation Act

The Marijuana Regulation and Taxation Act is legislation that legalizes and sets rules for the recreational use, sale, and cultivation of marijuana. It establishes a regulatory framework for licensing businesses, ensuring safety standards, and collecting taxes from sales. The act aims to reduce illegal markets, promote responsible consumption, and generate revenue for public programs. Overall, it creates a structured, legal system for adults to access cannabis while addressing public health and safety concerns.