Kentucky State Representative Proposes Bill for Adult-Use Cannabis Legalization

1.8 min readPublished On: February 7th, 2024By

LOS ANGELES- In a bold move within the traditionally conservative state of Kentucky, State Representative Rachel Roberts (D) has introduced legislation aimed at legalizing and regulating adult-use cannabis. The proposed “House Bill 420,” aptly named for its cannabis connotations, seeks to create a comprehensive framework for the possession, cultivation, manufacturing, and distribution of cannabis products for adults aged 21 and over. This initiative, as reported by the Louisville Courier-Reporter, marks a significant push towards reforming cannabis laws in the Republican-dominated House of Representatives.

The bill outlines several key provisions aimed at not only legalizing cannabis but also protecting the rights of consumers. It proposes that employers in Kentucky would not have the authority to dismiss or decline to hire individuals for engaging in legal cannabis use. Furthermore, the legislation includes measures for the expungement of certain cannabis misdemeanor convictions, potentially reversing the adverse effects of previous drug enforcement policies on individuals’ lives.

In addition to legalizing cannabis, House Bill 420 envisions the establishment of a regulatory board within the Public Protection Cabinet. This board would oversee the cannabis licensing process, ensuring a controlled and safe industry. The proposed taxation framework for the industry includes a 9% excise tax on all cannabis sales, both retail and wholesale, for the initial year, with the possibility of adjusting the tax rate thereafter based on the board’s discretion.

Revenue generated from cannabis industry taxes and licensing fees is designated for a “cannabis fund” within the state Treasury. This fund aims to support the implementation and administration of the cannabis industry in Kentucky. Moreover, a significant portion of any surplus funds—at least 30%—is earmarked for initiatives aimed at mitigating the negative impacts of cannabis prohibition. These initiatives include job training and re-entry programs for communities that have been disproportionately affected by drug law enforcement.

Representative Roberts’ bill, co-sponsored by Rep. Keturah Herron (D), emerges as Kentucky is in the process of launching its medical cannabis program, following legislation passed last year. The introduction of House Bill 420 represents a pivotal moment in Kentucky’s cannabis policy, potentially setting the stage for a broader acceptance and integration of cannabis within the state’s legal and economic frameworks.

About the Author: HCN News Team

The News Team at Highly Capitalized are some of the most experienced writers in cannabis and psychedelics business & finance. We cover capital markets, finance, branding, marketing and everything important in between. Most of all, we follow the money.

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