The bill amends New Jersey laws to establish a comprehensive regulatory framework for the sale and distribution of hemp-derived consumable products. It empowers the New Jersey Department of Agriculture to oversee these products, introducing new definitions such as "Batch," "Distributor," and "Hemp-derived consumable product," which must contain a delta-9 THC concentration of no more than 0.3%. The legislation also clarifies the roles of various industry participants, including manufacturers and retailers, and sets forth requirements for independent testing laboratories. Notably, it modifies the definition of "Hemp product" and removes previous restrictions on total THC per serving, aiming to enhance safety and compliance within the hemp industry.

Additionally, the bill introduces licensing requirements for businesses involved in the manufacturing and sale of hemp-derived products, mandating that they obtain a license from the Department of Agriculture. It establishes strict regulations to prevent sales to individuals under 21 years of age and prohibits the distribution of samples in public spaces. The bill also imposes a 6% retail sales tax on hemp-derived consumable products, with a portion of the revenue allocated to social equity programs. Furthermore, it requires the New Jersey Department of Education to implement policies banning the use of these products on school property, ensuring public safety and compliance with state laws.

Statutes affected:
Introduced: 4:28-8, 24:6I-33, 24:21-5, 24:6I-50, 40:48I-1, 4:28-13