Texas SB2142 creates a consumable hemp products account and imposes fees on manufacturers and retailers of consumable hemp products.

Texas SB2142 amends the Health and Safety Code to create the consumable hemp products account in the general revenue fund. This account will receive funds from various sources, including fees, penalties, and donations. Manufacturers of consumable hemp products must pay an initial licensing fee of $10,000 per location and a renewal fee of $10,000 per location annually. Retailers selling consumable hemp products containing cannabidiol must pay a registration fee of $20,000 per location annually. Penalties for violations related to consumable hemp products will be deposited into this account.

Texas SB2142 creates a consumable hemp products account and imposes fees on manufacturers and retailers of consumable hemp products.

Texas SB2142 amends the Health and Safety Code to create the consumable hemp products account in the general revenue fund. This account will receive funds from various sources, including fees, penalties, and donations. Manufacturers of consumable hemp products must pay an initial licensing fee of $10,000 per location and a renewal fee of $10,000 per location annually. Retailers selling consumable hemp products containing cannabidiol must pay a registration fee of $20,000 per location annually. Penalties for violations related to consumable hemp products will be deposited into this account.