; table of contents. TITLE I—Taxation Sec. 101. Establishment of taxes relating to marijuana products. TITLE II—Regulation Subtitle A—Amendments To decriminalize marijuana at the Federal level Sec. 201. Decriminalization of marijuana. Sec. 202. Application of the Controlled Substances Act and Controlled Substances Import and Export Act to marijuana. Sec. 203. Conforming and ancillary amendments. Subtitle B—Federal Marijuana Licensing and Related Matters Sec. 211. Federal marijuana administration. Sec. 212. Addition of marijuana to certain legal authorities relating to intoxicating liquors. Subtitle C—Other Amendments Relating to Federal Authority Regarding Marijuana Sec. 221. Food and Drug Administration. Sec. 222. Transferring agency functions with regard to marijuana. Sec. 223. Unfair advertising practices. Sec. 224. Comptroller General review of laws and regulations. TITLE III—Funding Sec. 301. Funding for the Alcohol, Tobacco, and Marijuana Tax and Trade Bureau. I Taxation 101. Establishment of taxes relating to marijuana products (a) In general Subtitle E of title I of the Internal Revenue Code of 1986 is amended by adding at the end the following new chapter: 56 Marijuana Products Subchapter A. Tax on Marijuana Products Subchapter B. Occupational Tax Subchapter C. Bond and Permits Subchapter D. Operations Subchapter E. Penalties A Tax on Marijuana Products Sec. 5901. Imposition of tax. Sec. 5902. Definitions. Sec. 5903. Liability and method of payment. Sec. 5904. Exemption from tax. Sec. 5905. Credit, refund, or drawback of tax. 5901. Imposition of tax (a) Imposition of tax There is hereby imposed on any marijuana product produced in or imported into the United States a tax equal to— (1) for any such product sold during the first 5 calendar years in which this chapter becomes effective, the applicable percentage of the price for which such product is sold, and (2) for any product sold during any calendar year after the period described in paragraph (1), the applicable equivalent rate. (b) Applicable