Hemp Could Be Taxed Higher Than Alcohol | TDR Cannabis in 5

The bill splits hemp consumables into two different tax categories. Beverages get taxed at 5 cents per milligram of THC, while everything else gets taxed at 5%, though reporting is inconsistent on whether that’s 5% of retail price or 5% of manufacturer revenue, two very different things. Dales runs the math showing hemp drinks would actually carry 2 to 4 times the federal tax burden of alcohol per serving, despite the bill borrowing alcohol’s regulatory structure, right down to handing oversight to the TTB and setting up a three-tier distribution system that groups like the Wine & Spirits Wholesalers of America and Total Wine are reportedly happy about.Dales also breaks down the enforcement problem, since accurately taxing THC content at the point of production assumes reliable potency testing, something hemp has never been consistent at, and raises the question of whether the proposed 5 cent plus 5% structure is actually calibrated to fund real oversight or just designed to raise revenue.#HempBan #LawfulHempProtectionAct #HempTax #AndyBarr #CannabisIndustry #HempReform #CannabisPolicy #HempIndustry #TTB #CannabisNewsWant to see more Cannabis Reform?🎬    • Does This Hemp Bill Actually Fix Anything?...  🎬    • Cannabis Support Didn’t Drop — Here’s What...  🎬    • Why Cannabis Companies Are Backing Trump |...  🎬    • The DEA Hearing Is Over. Now What? | TDR C...  Want to stay updated on Cannabis, Small Cap, AI, and Crypto?Subscribe to our Daily Baked newsletter:https://newsletter.thedalesreport.com...Find us on social media and podcast platforms:✅ Facebook:   / thedalesreport  ✅ Twitter:   / thedalesreport  ✅ Instagram:   / dalesreport  ✅ LinkedIn:   / the-dales-report  Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, contact:[email protected] Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions made based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...