Amends TCA Title 39; Title 40; Title 43, Chapter 27; Title 53, Chapter 11; Title 57 and Title 67.
Tennessee SB1413 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, introducing various changes to licensing, sales, and taxation of HDCP. The bill affects manufacturers, wholesalers, and retailers of HDCP by imposing new definitions, licensing requirements, and sales regulations, including a tax on wholesale sales and restrictions on direct-to-consumer shipping. Key provisions include expanded definitions of HDCP and its components, increased licensing fees, and specific packaging and labeling requirements for HDCP products.
Tennessee SB1413 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, introducing various changes to licensing, sales, and taxation of HDCP. The bill affects manufacturers, wholesalers, and retailers of HDCP by imposing new definitions, licensing requirements, and sales regulations, including a tax on wholesale sales and restrictions on direct-to-consumer shipping. Key provisions include expanded definitions of HDCP and its components, increased licensing fees, and specific packaging and labeling requirements for HDCP products.
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