Several major alcohol industry participants are backing a new bill in Congress that would exempt hemp beverages from a currently scheduled ban on THC products derived from the plant while enacting new provisions to tax and regulate the cannabis drinks like alcohol. “The conversation has evolved beyond whether hemp-derived beverages should be regulated to how they should be regulated,” Dobbs said. Separately, the Beverage Alcohol Merchants Coalition (BAMCO)—a coalition of alcohol retailers—also endorsed the new hemp THC drinks bill. Under the new bill, adults over 21 could purchase and consume hemp THC beverages with up to 5 milligrams of total intoxicating THC per serving. There would be a new federal tax on hemp drinks of 8 cents per milligram of intoxicating THC.