Licenses - As introduced, extends to smoking hemp the existing licensure and certain other requirements for hemp-derived cannabinoid products; imposes a tax on the privilege of engaging in the business of selling smoking hemp and products containing a hemp-derived cannabinoid in this state. - Amends TCA Section 1-3-113; Title 39, Chapter 17, Part 15; Title 43, Chapter 27; Section 53-11-451 and Title 67.

HB 1243 regulates the sale of "smoking hemp" (hemp sold specifically for smoking, distinct from other hemp products) in Tennessee. It requires businesses selling smoking hemp or hemp-derived cannabinoid products to obtain a license, imposes a new tax on this business, and mandates specific labeling (including child-resistant packaging, warning statements, QR codes linking to potency tests, and 1-year expiration dates). The bill also prohibits sales within 500 feet of K-12 schools unless the business was already selling such products at that location before the law took effect. These requirements directly affect retailers, manufacturers, and suppliers of smoking hemp products in Tennessee.