Relating to the creation of the Texas Hemp Council; regulation of products derived from hemp, including consumable hemp products and hemp beverages and the hemp-derived cannabinoids contained in those products; requiring occupational licenses and permits; imposing fees; creating criminal offenses; authorizing civil penalties; imposing taxes.

HB 309 creates the Texas Hemp Council to regulate hemp-derived products, including consumables (like gummies) and beverages containing hemp compounds (such as CBD). It directly affects hemp businesses, requiring them to obtain occupational licenses, pay fees, and comply with product safety rules. Key provisions include establishing licensing standards, imposing taxes on hemp products, creating criminal penalties for violations, and authorizing civil fines for non-compliance. The bill aims to standardize oversight of the growing hemp industry while defining specific regulatory requirements for producers and sellers.