The bill establishes the "Arkansas Hemp Beverage Act," which amends the current law concerning alcoholic beverages to create a regulatory framework for hemp-based beverages. This new subchapter outlines the definitions, licensing requirements, and compliance standards for manufacturers, wholesalers, and retailers involved in the production and sale of hemp-based beverages. Key provisions include the requirement for manufacturers to obtain permits, provide certificates of analysis for their products, and adhere to safety regulations. Additionally, wholesalers and retailers must also hold appropriate permits and maintain records of transactions.

The act emphasizes the importance of public safety and market integrity by ensuring that hemp-based beverages comply with specific standards, including a delta-9 tetrahydrocannabinol content not exceeding 0.3%. It mandates that products be tested by independent laboratories and prohibits misleading labeling that could appeal to children or resemble alcoholic beverages. The Alcoholic Beverage Control Division is tasked with enforcing the act through inspections and audits, and it is required to promulgate rules for implementation, including licensing procedures and product testing standards.