BAMCO supports incorporating hemp THC drinks into the existing three-tier system for alcoholic beverages, along with new requirements for testing, labeling, marketing and taxation in tandem with flexibility for state regulations. Other alcohol industry groups such as Wine & Spirits Wholesalers of America have also backed regulating hemp products instead of prohibiting them. Also in April, the president himself urged congressional lawmakers to again redefine hemp to avoid recriminalization of full-spectrum CBD products. “In December, I signed a very important Executive Order calling for Research and Innovation for Hemp-derived CBD,” Trump said. Major retailer Target, meanwhile, recently moved to expand its sales of hemp THC drinks into more states.