Relating to the regulation of the cultivation, manufacture, processing, distribution, sale, testing, transportation, delivery, transfer, possession, use, and taxation of cannabis and cannabis products and the local regulation of licensed cannabis growers, cannabis establishments, cannabis testing facilities, and cannabis secure transporters; providing for expunction of records relating to certain decriminalized conduct; authorizing the imposition of fees; requiring an occupational license; creating a criminal offense; imposing a tax.

SB 54 establishes comprehensive regulations for cannabis in Texas, creating new rules for businesses that cultivate, sell, or transport cannabis products. It requires occupational licenses for cannabis businesses, imposes taxes on cannabis products, and creates a process to expunge certain past cannabis-related records from criminal files. The bill also defines cannabis and cannabis beverages (excluding hemp products), sets restrictions on cannabis beverages (like no alcohol or caffeine), and creates new criminal penalties for violations. This legislation directly affects cannabis businesses, consumers, and individuals with prior convictions for decriminalized cannabis offenses.