Backer Of Hemp Regulation Looks To Reconciliation Process
Delay of ban on certain intoxicating hemp-derived products expires Dec. 11
Rep. Morgan Griffith said Monday that a GOP reconciliation package in the upcoming lame-duck session could become a possible vehicle for his legislation aimed at regulating hemp-derived products.
The Virginia Republican said he was considering coupling his bill with tax legislation to meet the strict restrictions of the filibuster-proof reconciliation process, which can be used only for measures that have a significant budgetary impact to comply with Senate rules.
“I think we need to get my THC regulatory bill passed, and if we could get that into a reconciliation bill before the 11th of December, that’d be fabulous,” he told reporters after presiding over a pro forma House session. THC, or tetrahydrocannabinol, is the main psychoactive ingredient in the cannabis plant.
Griffith said in a later statement that his bill could ride in a reconciliation package if “combined with a measure related to taxes on hemp-derived products, such as Rep. Van Duyne’s Beverage Regulatory Parity Act.”
The legislation offered by Rep. Beth Van Duyne, R-Texas, and Rep. Greg Landsman, D-Ohio, seeks to establish a regulatory system for hemp-derived beverages similar to how alcohol is treated, and would impose a federal excise tax based on the amount of intoxicating THC in those beverages.
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