Enacts the "hemp beverage and taxation act"; defines cannabinoid hemp beverage; prohibits the sale of cannabinoid hemp beverages to persons twenty-one years of age or older; provides requirements for the product or labeling of such products; provides for offenses for persons under the age of twenty-one years who purchase or attempt to purchase a cannabinoid hemp beverage through fraudulent means and persons who procure such beverages for persons under the age of twenty-one years; imposes advertising requirements; imposes a tax on cannabinoid hemp products; provides for the disbursement of revenues collected pursuant to Article 20-e of the Tax Law.

Statutes affected:
S8575: 90 cannabis law, 91 cannabis law, 107 cannabis law, 109 cannabis law, 110 cannabis law, 99-ii state finance law, 99-ii(2) state finance law, 1115 tax law, 1115(a) tax law