Minnesota Nears Legalization of Recreational Marijuana with Negotiated Tax and Possession Limits.

Lawmakers in Minnesota are finalizing a marijuana legalization bill that could be voted on later this week. The bill includes a possession limit of two pounds of flowered cannabis for adults 21 and up, a tax rate of 10%, and a process to revisit criminal records for past marijuana offenses. While penalties for possession will be lowered or removed altogether this summer, the set-up of a regulated sales structure, license applications, and the opening of dispensaries could take a year or more. The bill also grants city and county officials the power to cap the number of retail cannabis establishments.