Amends TCA Title 39; Title 40; Title 43, Chapter 27; Title 53, Chapter 11; Title 57 and Title 67.
Tennessee HB1376 transfers the regulation of hemp-derived cannabinoid products (HDCP) from the Department of Agriculture to the Alcoholic Beverage Commission (ABC) and the Department of Revenue. The bill affects manufacturers, wholesalers, and retailers of HDCP by establishing new licensing requirements, defining various terms related to hemp and cannabinoids, and imposing a tax on wholesale sales of HDCP. Key provisions include changes to product definitions, retail sale regulations, and the introduction of a tax structure to fund local infrastructure and regulatory enforcement.
Tennessee HB1376 transfers the regulation of hemp-derived cannabinoid products (HDCP) from the Department of Agriculture to the Alcoholic Beverage Commission (ABC) and the Department of Revenue. The bill affects manufacturers, wholesalers, and retailers of HDCP by establishing new licensing requirements, defining various terms related to hemp and cannabinoids, and imposing a tax on wholesale sales of HDCP. Key provisions include changes to product definitions, retail sale regulations, and the introduction of a tax structure to fund local infrastructure and regulatory enforcement.
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