Florida House Panel OKs Tax On All Hemp-Derived THC Products
All hemp-derived THC products would be taxed at 15%
All hemp-derived THC products would be taxed at 15% under a proposal passed in a Florida House committee on Wednesday.
The measure is one of two regarding regulation of hemp-derived THC products sponsored by Panhandle Republican Michelle Salzman that were approved unanimously in the House Budget Committee.
The main bill (HB 7027) is a companion to a Senate bill (SB 438) that has already passed unanimously in that chamber, although they do contain significant differences. Among them is that Salzman’s bill would not ban Delta-8, the hemp-derived THC product that has grown in popularity since hemp was legalized in the United States through the 2018 U.S. farm bill.
Like its Senate companion, the House bill limits the amount of Delta-9 hemp-derived products such as beverages and gummies. It says edibles must contain no more than 2 milligrams; be individually wrapped; and be sold in containers with no more than 20 edibles.
That raised objections from Patrick Shatzer of Sunmed/Your CBD Store, who says his company is the largest CBD brick-and-mortar business in the country with 260 locations nationwide and 42 in Florida.
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