Tennessee to impose 6% tax on CBD, delta-8 THC products
Products containing hemp-derived cannabinoids sold in Tennessee will be subject to a 6% “privilege” sales tax beginning July 1.
Products containing hemp-derived cannabinoids sold in Tennessee will be subject to a 6% “privilege” sales tax beginning July 1.
New regulations for sellers of hemp-derived cannabinoids in Tennessee are set to go into effect after final approval from state lawmakers on Tuesday.
A state Senate committee in Tennessee rejected a Republican-sponsored medical marijuana bill.
State lawmakers in Tennessee this week heard a Republican proposal to legalize medical cannabis in the state, with the legislation appearing to attract bipartisan support.
Two universities, a hemp trade group and the agriculture department in Tennessee are joining forces to research and develop new economic opportunities for the state’s hemp industry.
Many U.S. states considered new laws to regulate hemp-derived intoxicants such as delta-8 THC this year, but few settled on how to do it.
Legal and lightly taxed, CBD operators have enormous business advantages compared to their colleagues growing and selling high-THC cannabis and its extracts.
But how will they fit in the overall cannabis industry when all THC levels – think recreational marijuana – are legal?