Beer Industry’s Oldest Trade Organization Wants Hemp And Cannabis Beverages To Pay More Taxes
On November 12, 2024, the Beer Institute introduced a detailed set of guiding principles to regulate psychoactive hemp and cannabis products.
“The beer industry believes that the decision to legalize these products should be made by American voters, state legislatures, and federal policymakers.” reads the statement from the beer industry’s oldest trade organization.
The trade group came out with some hard rules. Let’s find out where they stand on the ongoing national debate surrounding how to regulate hemp and cannabis products, which they refer to as intoxicating.
Differentiated Taxation
“The current patchwork of intoxicating hemp and cannabis laws and regulations do not meet the same standards to which the beer industry willingly adheres,” noted Brian Crawford, president and CEO of the Beer Institute.
However, the trade group does not advocate for equal taxes. They are recommending the tax rate be set “higher than the highest rate” applied to …