Congress Unveils Bipartisan Plan to Legalize and Tax Hemp THC Products Nationwide

Key points

• A bipartisan bill has been introduced to legalize and tax hemp-derived THC products federally, countering a looming ban.
• The bill would impose strict testing and labeling standards, mirroring the regulations of the traditional food and beverage industry.
• Independent restaurants and bars will likely face new excise taxes and permit requirements but will gain long-term legal certainty.

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Sources and methodology

Reported from the public datasets below.

• Federal Trade Commission (FTC) - FTC enforcement actions
• U.S. Department of Justice (DOJ) - DOJ press releases and filings

All sources Foodie Pundit reports from

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