The proposed bill establishes a new section, 381.9881, in the Florida Statutes, which regulates the personal use of marijuana. It defines key terms such as "cultivator," "processor," "distributor," and "retailer," and mandates that the Department of Health authorize medical marijuana treatment centers (MMTCs) to operate in these roles starting July 1, 2025. The bill exempts MMTCs from certain requirements, allowing them to operate without submitting applications or paying additional fees. It also sets a licensing schedule for cultivators, processors, distributors, and retailers, with specific limits on the number of licenses and cultivation area sizes.

Additionally, the bill outlines the application process for marijuana licenses, requiring technical ability, financial stability, and compliance with safety regulations. It restricts individuals or entities to holding only one type of marijuana license at a time and mandates compliance with department rules. The legislation includes provisions for inspections, interagency agreements, and penalties for violations, while defining personal use limits and possession. It also allows publicly traded corporations to own marijuana licenses, mandates regular inspections by the Department of Health, and preempts local regulations on marijuana activities, placing authority solely with the state. The bill is set to take effect on July 1, 2025.