Fiscal Memo Update

Status: The corrected fiscal memorandum is done.

Corrected Fiscal Memorandum on HB 1927 - SB 1904

As you will see on the Fiscal Memorandum above, they brought the numbers down, not up.

While this is not ideal - it is still a fiscal note that has to be funded. There are still 3 core committees they would have to pass it through.

The number that is most relevant here is the market which is valued at $180m. The key is that we show that $180m provides a lot of wages and jobs to Tennesseans. And, that is after only 3 years since the farm bill was passed in 2018 that allowed these products. There is further opportunity for growth that will continue to provide more and more opportunities. 

Devin Aracena will testify on Wednesday in front of the Tennessee House of Representatives Criminal Justice Committee in a special hearing on cannabinoids. 

"We understand the concerns surrounding our industry and its adoption with common consumer demand. We are engaged in the conversation with shared concerns about consumer safety. We are providing input on intelligent regulations for our industry. When other industries pose a hurdle, our government regulates them, not bans them. We are grateful for the same opportunity in regulation with our leaders."

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