Creates provisions relating to the licensure of hemp businesses and the regulation of hemp beverage products

HB 463 creates a new licensing system for hemp beverage businesses in Missouri, directly affecting manufacturers, wholesalers, and retailers of drinkable hemp products. The bill establishes three specific licenses (manufacturer, wholesaler, retailer) and requires hemp beverage retailers to hold an active alcohol license, while banning hemp businesses from also holding cannabis licenses. Key provisions include banning the sale of hemp beverages made outside the U.S., requiring businesses to comply with THC limits (under 0.3% delta-9 THC), and defining "hemp beverage" as products containing hemp plant parts or concentrates but excluding cannabis flower. The law aims to regulate this emerging market under the Division of Alcohol and Tobacco Control.