Creates provisions relating to the regulation of industrial hemp-derived consumable products

Summary

HB 2768 creates a regulatory framework for industrial hemp‑derived consumable products, defining who qualifies as a manufacturer, distributor, retailer, and consumer (21+). It establishes a 2% excise tax on retail sales beginning in 2027, with the revenue placed into a state hemp business fund. The bill applies to all businesses licensed to handle these products.

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