Creates provisions relating to the regulation of industrial hemp-derived consumable products

HB 2768 imposes a 2% sales tax on retail purchases of industrial hemp-derived consumable products (like edibles or beverages containing ≤0.3% delta-9 THC) starting in 2027. It requires retailers to collect this tax at the point of sale, display it separately on receipts, and remit it to the state. The revenue will fund the hemp business program, directly affecting retailers, manufacturers, and distributors of these products while ensuring consumers pay the tax at checkout. The bill also defines key terms like "consumable product" and "hemp-derived cannabinoid" to clarify regulatory scope.