>"We don’t need to reinvent the wheel,” Hobbs said. “The beverage alcohol model has worked for more than 90 years. These beverages are intoxicating products and should be treated like beverage alcohol"
The Wine & Spirits Wholesalers of America (WSWA) has endorsed the Lawful Hemp Protection Act, a congressional bill designed to keep hemp-derived THC products legal and regulated through a framework modeled after the alcohol industry. The legislation seeks to avoid an upcoming federal ban by establishing clear rules for manufacturing, labeling, sales, and taxation while preserving state regulatory authority.
* Implementation of a three-tier system consisting of manufacturers, wholesalers, and retailers.
* Establishment of a minimum age limit of 21 for product consumption.
* Allowance of concentrations up to 1 percent total THC on a dry-weight basis.
* Requirements for federal licensing, mandatory labeling standards, and independent testing.
* Ongoing negotiations regarding proposed tax rates to ensure parity with the beverage alcohol industry.
The Wine & Spirits Wholesalers of America (WSWA) has endorsed the Lawful Hemp Protection Act, a congressional bill designed to keep hemp-derived THC products legal and regulated through a framework modeled after the alcohol industry. The legislation seeks to avoid an upcoming federal ban by establishing clear rules for manufacturing, labeling, sales, and taxation while preserving state regulatory authority.
* Implementation of a three-tier system consisting of manufacturers, wholesalers, and retailers.
* Establishment of a minimum age limit of 21 for product consumption.
* Allowance of concentrations up to 1 percent total THC on a dry-weight basis.
* Requirements for federal licensing, mandatory labeling standards, and independent testing.
* Ongoing negotiations regarding proposed tax rates to ensure parity with the beverage alcohol industry.
