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The Beverage Regulatory Parity Act establishes a federal regulatory framework for hemp-derived beverages, creating rules for their manufacture, distribution, labeling, and sale. The bill defines hemp-derived beverages as non-alcoholic drinks containing naturally occurring cannabinoids from U.S.-grown hemp, limited to a maximum of 5 milligrams of intoxicating THC per serving, and places them under oversight by the Tax and Trade Bureau, the Food and Drug Administration, and the Department of Agriculture. The legislation creates a three-tier distribution system requiring manufacturers to sell only to wholesalers, wholesalers to sell only to retailers, and establishes a permitting system for each tier, with strict labeling requirements that include warnings about risks to children, pregnant people, and those on medications. The law sets a minimum purchase age of 21 years and imposes an excise tax of 8 cents per milligram of THC content on all hemp-derived beverages produced in the United States, while allowing states and Indian tribes to maintain stricter regulations within their jurisdictions. The Tax and Trade Bureau must submit annual reports to Congress beginning one year after enactment, and violations are classified as misdemeanors with fines up to $1,000 per offense.

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