Relating to: regulation of hemp-derived cannabinoid products, renaming the Division of Alcohol Beverages as the Division of Intoxicating Products, creating an occupational tax on hemp-derived cannabinoid products, alcohol beverage warehouses and production arrangements, granting rule-making authority, and providing a penalty. (FE)

AB 606 regulates hemp-derived cannabinoid products by creating an occupational tax on businesses selling these products, alcohol warehouses, and production facilities. It renames the state's "Division of Alcohol Beverages" to the "Division of Intoxicating Products" and grants this new division rule-making authority to enforce regulations. The bill also establishes penalties for violations of the new rules. This directly affects hemp product businesses, alcohol warehouse operators, and the state agency responsible for oversight.