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Important Notice: Taxability of Hemp-Derived Cannabinoids

Thursday, May 18, 2023 | 03:04pm

Effective July 1, 2023, Public Chapter 423 (2023) creates a new 6% sales tax for the privilege of engaging in the business of selling products containing a hemp-derived cannabinoid. This tax applies in addition to the standard 7% state sales tax rate and the applicable local option sales tax rate. This tax does not apply to hemp-derived fiber, grain, or topical products.  For more information, please read important notice #23-12.