NASHVILLE, Tenn. (WTVF) – At the same time that some lawmakers are considering legalizing medical cannabis, a cannabis product tax bill has also been introduced.
State Republican Rep. Chris Hurt introduced a bill to tax anything made from cannabis in Tennessee.
These include delta-8-THC, which is made from CBD and has similar psychoactive effects to delta-9-THC, the compound in cannabis that gets people high. The bill also sets the legal age to purchase Delta-8s at 21.
The tax rate is 6.6%.
“We believe the industry is willing to generate revenue to have some visibility and achieve legitimacy and credibility [it]said Rep. Hurt.
Other lawmakers are also considering bills to legalize medical marijuana.
Rep. Bryan Terry, a Murfreesboro Republican and physician, plans to submit the bill. It incorporates a recommendation from the Medical Cannabis Taskforce, but lawmakers are not required to follow their advice.
The idea of cannabis taxation came from the Tennessee Growers Coalition.
“The reason we want it is because we want to be good citizens and these products, the Delta 8 and the other hemp-derived THC, are really everywhere,” said Joe Kirkpatrick, President of TGC. “We want to make sure that, like we did with smokeable hemp, we make these 21 plus. These have psychoactive effects. People have to be careful when taking them and children don’t have to have them.”
There is also a license part of the bill. Kirkpatrick said the state could benefit from millions of dollars in revenue.