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 cannabis establishments; 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.

HB 5307, the Texas Regulation of Cannabis Act, would establish a state-regulated system for cannabis products in Texas. It requires licenses for businesses growing, processing, and selling cannabis to adults 21+ (defined as "cannabis establishments" and "cannabis growers"), imposes a tax on cannabis products, and creates rules for safety testing and secure transportation. The bill also includes provisions to expunge criminal records for certain minor cannabis offenses that were decriminalized under previous law. This legislation would directly affect adults purchasing cannabis, cannabis businesses seeking licenses, and individuals with qualifying past records. The bill is currently pending in the Licensing & Administrative Procedures Committee.