TLRY - Hold My Beer: Breweries Offer THC On Tap In Minnesota What Investors Need To Know | Benzinga
Breweries in Minneapolis now offer hemp-derived, THC-infused drinks on tap, thanks to a new Minnesota law effective July 1. This change allows taprooms to serve these drinks on tap, not only in cans, provided they display the required label information.
Dan Schnabel, taproom manager at Headflyer Brewing, told CBS that his team anticipated the statute change and quickly adapted. "Having it on tap gives us so many different options for our consumers to taste it, to try it, to enjoy one while they're here on site," Schnabel said.
Regulations Made It Possible
This development follows the legalization of THC edibles derived from hemp two years ago, which are capped at 5 milligrams per serving and 50 milligrams per package. Last summer, liquor stores began selling these products, accompanied by a 10% gross receipts sales tax.
The state collected over $11.5 million in revenue from July through May, according to the Minnesota Department of Revenue.
Positive Impact On Local Businesses
Schnabel noted the positive impact on business, especially for customers seeking alternatives to beer. He also observed growing interest and expanding distribution. As the state prepares for ...