Creates regulatory scheme, in line with federal law, on sale of certain hemp-derived cannabinoid products; repeals law concerning intoxicating hemp.

This bill establishes a regulatory framework for selling hemp-derived cannabinoid products in New Jersey that aligns with federal law, repealing a previous law about "intoxicating hemp." It sets a 0.3% THC limit (by dry weight) for hemp products and prohibits sales of final products containing more than 0.4 milligrams of THC per container or synthetic cannabinoids. The law directly affects hemp producers, retailers, and the New Jersey Department of Agriculture, which will enforce these rules. This creates a clear system for legal sales while ensuring compliance with federal standards.