Creates provisions relating to hemp products

HB 1328 imposes a 2.25% excise tax on retail sales of "intoxicating hemp products" (those containing THC above 0.3% or marketed to produce intoxication) and establishes licensing requirements for manufacturers ($250 annual fee) and retailers ($100 per location). Revenue from the tax is split: 0.25% funds the hemp business fund, and 2% funds the Missouri hemp development fund. The law exempts "nonintoxicating" hemp products (like CBD oils with <0.3% THC) from the tax and prohibits counties from adding extra taxes on these products. It requires age verification for sales and defines "intoxicating" products through specific THC thresholds and marketing intent.