(Draft statutory language is at the bottom.) “Hemp-derived consumables” in HB563, https://www.ncleg.gov/Sessions/2023/Bills/House/PDF/H563v5.pdf – contain THC, the intoxicant in marijuana, which creates externalities. – will cost money to regulate. – are federally legal only because of loopholes in the Farm Bill.   We can and should tax these hemp products. – Louisiana, Tennessee, West Virginia, and other jurisdictions tax hemp … Continue reading Taxing hemp consumables — NC HB563