Marijuana Legalization and Reinvestment Act.

HB 413 would legalize recreational marijuana for adults 21 and older in North Carolina, allowing possession of up to 2 ounces, 15 grams of concentrate, or products with 2,000mg THC. It establishes new regulations for cannabis businesses (like retail stores and cultivation facilities), requires lab testing and responsible packaging, and mandates that businesses prioritize diversity and community investment. Crucially, it creates two funds to reinvest tax revenue: the Community Reinvestment and Repair Fund for historically impacted communities, and the Cannabis Enterprise Opportunity Fund to support minority-owned businesses. The bill directly affects consumers aged 21+, cannabis businesses, and communities disproportionately affected by past cannabis enforcement.