Categories: Top News

Beer Institute Establishes Guiding Principles on Intoxicating Hemp and Cannabis Products

WASHINGTON, Nov. 12, 2024 (GLOBE NEWSWIRE) — Today, the Beer Institute, the oldest national trade organization representing the beer industry, unveiled guiding principles to address the proliferation of largely unregulated intoxicating hemp and cannabis products. The beer industry believes that the decision to legalize these products should be made by American voters, state legislatures and federal policymakers. As policy discussions unfold, these principles will serve as a comprehensive framework addressing four key areas: revenue, regulation, responsibility and research. 

“For decades, America’s brewers and beer importers have demonstrated their commitment to fostering a culture of moderation and the responsible consumption of our products, all within a robust regulatory and taxation system,” said Brian Crawford, president and CEO of the Beer Institute. “The current patchwork of intoxicating hemp and cannabis laws and regulations do not meet the same standards to which the beer industry willingly adheres.”  

If these products are legalized, the Beer Institute believes that policymakers should implement appropriate regulatory frameworks at the state and federal levels that inform and protect consumers and ensure intoxicating hemp and cannabis products are marketed, sold and consumed responsibly. The Beer Institute’s principles provide a comprehensive path to inform policymakers about safe consumption, differentiated taxation, consumer protection and the vital need for more thorough research. 

For more information on the Beer Institute’s principles on intoxicating hemp and cannabis, click here.   

###

The Beer Institute is a national trade association for the American brewing industry, representing brewers, beer importers and industry suppliers—an industry that supports nearly 2.4 million jobs and provides more than $409 billion to the American economy. First founded in 1862 as the U.S. Brewers Association, the Beer Institute is committed today to developing sound public policy and to the values of civic duty and personal responsibility. For additional updates from the Beer Institute, visit our website and follow us on Facebook, X, LinkedIn and Instagram.

CONTACT: Caitlin Harder
Beer Institute
2024300076
charder@beerinstitute.org

GlobeNewswire

GlobeNewswire, is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Recent Posts

Bitcoin could hit $1 million by early 2027, study finds

A new study predicts that Bitcoin could hit $1 million as early as 2027 as…

7 hours ago

Soybeans Speculative Net Positions Swing Positive Amid Market Optimism

In a notable shift in market dynamics, the latest data from the Commodity Futures Trading…

13 hours ago

CFTC Reports Significant Rise in Corn Speculative Net Positions to 234.2K

In a notable development for the agricultural commodities market, the U.S. Commodity Futures Trading Commission…

13 hours ago

New Zealand Dollar Speculators Cut Bearish Bets as NZD Positions Improve

In the latest market activity, speculative positions in the New Zealand Dollar (NZD) have shown…

13 hours ago

Surge in Japanese Yen Speculative Positions as CFTC Reports Significant Increase

In a recent update from the Commodity Futures Trading Commission (CFTC), the Japanese Yen (JPY)…

13 hours ago

Brazilian Real Sees Increase in Speculative Net Positions, Signals Boost in Market Sentiment

The Brazilian Real (BRL) experienced an optimistic shift in market sentiment as reported by the…

13 hours ago

This website uses cookies.