This bill amends the Nebraska Revised Statutes to redefine hemp under the Nebraska Hemp Farming Act and establish regulations for cannabidiol (CBD) products. Key provisions include the introduction of a ten percent excise tax on the retail sale of CBD products starting January 1, 2026, and a requirement for retail sellers to maintain accurate electronic sales records. The bill also provides a consumer safe harbor period until December 31, 2025, during which individuals will not face prosecution for possessing illegal hemp that does not meet THC limits. Additionally, it clarifies definitions related to hemp and CBD, modifies transportation regulations to allow interstate commerce of federally compliant hemp, and aims to harmonize existing laws while repealing outdated provisions.

Moreover, the bill revises definitions and provisions related to controlled substances within the Uniform Controlled Substances Act. It introduces a new definition for "cannabidiol product," clarifying that hashish or concentrated cannabis does not include any CBD product or CBD contained in FDA-approved drug products. The bill also updates definitions for terms such as "exceptionally hazardous drug" and "anabolic steroid," while specifying that cannabinoid receptor agonists do not include any CBD product or CBD in FDA-approved drugs. Several original sections of the Revised Statutes Cumulative Supplement, 2024, are repealed to streamline the legal framework surrounding controlled substances, enhancing clarity and consistency in the regulation of cannabis-related products.

Statutes affected:
Introduced: 2-503, 2-505, 2-515, 28-401
Final Reading: 2-501, 2-503, 2-505, 2-515, 28-401