RELATING TO MARIJUANA.

Legalizes under state law the growing, processing, possession, transfer, and personal use of marijuana in a specified quantity to persons at least twenty-one years of age. Requires licensing to operate marijuana establishments. Specifies the application and non-application of the Internal Revenue Code to expenses related to the production and sale of marijuana and marijuana products for state income tax purposes. Specifies that amounts received for the sale of marijuana or marijuana products are not exempt from the state general excise tax. Establishes a tax on the sale of marijuana, marijuana products, and manufactured marijuana products. Establishes an education special fund, into which marijuana tax revenues are to be deposited.