The proposed bill seeks to establish a comprehensive regulatory framework for consumable hemp products in Arkansas, under the oversight of the Arkansas Tobacco Control Board. It introduces key definitions, including "consumable hemp product," and outlines the responsibilities of manufacturers, distributors, and retailers to ensure public health and safety. Significant amendments include changes to the definition of "industrial hemp," adjustments to delta-9 tetrahydrocannabinol concentration limits, and the exclusion of consumable hemp products from the definition of marijuana. The bill also mandates that all businesses involved in the sale of consumable hemp products obtain permits, pay annual fees, and maintain detailed records of transactions for a minimum of ten years.

Additionally, the bill imposes strict advertising restrictions to prevent marketing to minors and outlines testing requirements for consumable hemp products. It establishes penalties for violations, including Class A misdemeanors for unpermitted sales and civil penalties for selling unlisted products. The legislation also modifies existing laws related to the management of seized property and forfeited assets, streamlining enforcement processes and enhancing accountability in financial management. An emergency declaration is included to expedite the implementation of these regulations, which aim to protect public health and ensure compliance within the hemp industry.

Statutes affected:
SB 533: 2-15-503(5), 5-64-101(16), 5-64-215(a), 5-64-215(d), 19-6-301, 19-6-831, 26-57-247(b), 26-57-247, 26-57-249(b), 26-57-249, 26-57-255(g), 26-57-255, 26-57-256(a), 26-57-256(b), 26-57-256