Senate Bill 23-271: Regulation of Cannabinoid-Related Compounds

• Creates new regulatory framework for hemp-derived products and safe harbor hemp products through registration requirements, establishing three classifications of cannabinoids (nonintoxicating, potentially intoxicating, and intoxicating).

• Establishes "hemp products" as finished items containing hemp with no more than 1.75 milligrams of THC per serving and CBD-to-THC ratio of at least 15:1; prohibits sale of potentially intoxicating and intoxicating cannabinoids except as safe harbor products for export.

• Requires manufacturers and storage facilities to register with the Department of Public Health and Environment, pay annual fees ($100 application fee plus $1,500 registration fee), and comply with federal food manufacturing practices.

• Restricts sales of hemp products to minors based on THC content and CBD-to-THC ratios, with limitations on package sizes (5, 30+ servings depending on potency); prohibits marketing hemp products as containing THC.

• Appropriates $1.6 million for the 2023-24 fiscal year to implement the act across the Department of Public Health and Environment, Department of Revenue, and Department of Law.