New Jersey bill A3961 regulates the sale and distribution of hemp-derived consumable products by the Department of Agriculture.

New Jersey bill A3961 grants the Department of Agriculture authority to regulate the sale and distribution of hemp-derived consumable products. The regulations cover packaging, product testing, advertising, business operations, and sales restrictions. Businesses must obtain a license, and certain existing licenses related to alcoholic beverages are permitted to sell or manufacture hemp-derived products by paying an annual fee. The bill imposes a 6% tax on the retail sale of products, with 1% of the tax revenue designated for social equity programs.

New Jersey bill A3961 regulates the sale and distribution of hemp-derived consumable products by the Department of Agriculture.

New Jersey bill A3961 grants the Department of Agriculture authority to regulate the sale and distribution of hemp-derived consumable products. The regulations cover packaging, product testing, advertising, business operations, and sales restrictions. Businesses must obtain a license, and certain existing licenses related to alcoholic beverages are permitted to sell or manufacture hemp-derived products by paying an annual fee. The bill imposes a 6% tax on the retail sale of products, with 1% of the tax revenue designated for social equity programs.