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New 2023 Regulations For Hemp-derived Cannabinoids Tennessee

New regulations pertaining to the trade of hemp-derived cannabinoids within Tennessee are poised to take effect subsequent to receiving final endorsement from state legislators on Tuesday.

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State House Speaker Cameron Sexton dispatched Senate Bill 378 to the office of Republican Governor Bill Lee, as indicated by a legislative database. It is anticipated that Governor Lee will affix his signature, thus enshrining the measure as law. The key provisions of the bill encompass the following:

  1. Hemp-derived cannabinoid products must undergo meticulous laboratory analysis, conform to stipulated labeling requirements, and be packaged in a manner resistant to tampering by children.
  2. Retailers engaged in the sale of hemp-derived cannabinoids are required to obtain a license from the state agriculture department no later than January 1, 2024.
  3. The fee for a license issued to producers is established at $500, while retailers must remit $250. Producers were already subject to a preexisting licensing prerequisite.
  4. Sales of hemp-derived cannabinoid products will be subjected to a novel “privilege tax” of 5%, the utilization of which state law expressly mandates “exclusively for the regulation of products containing a hemp-derived cannabinoid.
  5. Violators found contravening the newly established regulations may face a fine of $1,000 or be charged with a misdemeanor offense.
  6. Prospective purchasers of products incorporating hemp-derived cannabinoids are required to attain a minimum age of 21 years.

The state of Tennessee has aligned itself with a nationwide initiative aimed at exerting control over a predominantly unregulated market.

Certain states that have already legalized the adult use of marijuana have gone so far as to completely prohibit the sale and distribution of hemp-derived cannabinoids, including delta-8 THC.

Conversely, states such as Tennessee, where marijuana remains illegal, have duly recognized the surging demand for such products subsequent to their federal legalization under the 2018 Farm Bill.

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