Legalizes marijuana and its derivatives.

Removes all existing civil and criminal penalties for adults twenty-one years of age or older who cultivate, possess, transport, sell, or use marijuana, without impacting existing laws proscribing dangerous activities while under the influence of marijuana, or certain conduct that exposes younger persons to marijuana.

Imposes a tax on the legal sale of marijuana, the proceeds of which will support drug education and awareness.

Imposes a set of rules and laws concerning marijuana comparable to those imposed on alcohol.

Creates the marijuana revolving fund.