Canna-Hemp Co. Cheech and Chong Lead Effort to Amend Intoxicating Hemp Bill in Cali

Dear Client: In the latest move on California’s high-stakes AB 2223 legislation, hemp company Cheech and Chong is leading the charge to incorporate hemp beverage amendments. The bill could essentially kill the intoxicating hemp/delta-9 beverage industry if enacted as is. Indeed, as CBD understands, the company is seeking amendments establishing a 5% excise tax on hemp beverage products as well as a 5 mg cap on “customary” single serving sizes of hemp beverages sold in the state.  The proposed amendments