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20-X-9-.10 - Record Keeping Requirements for Consumable Hemp Product Retailers

AI Summary: This regulation establishes comprehensive record-keeping requirements for consumable hemp product retailers to ensure transparency and accountability in the sale of hemp products. The key requirements include: Record Maintenance: - Retailers must keep detailed records of all hemp products received, including: * Date of receipt * Invoice number * Distributor or producer information * Quantity of products - All receiving documents must be signed and dated - Sales receipts must include specific details like sales date, brand, retail price, quantity sold, tax collected, and total sales amount Reporting Requirements: - Monthly returns must be filed by the 20th day of the following month - Two submission options are available: * Paper returns postmarked by the 20th * Electronic returns filed by the last day of the following month - Even if no sales occur, retailers must submit a zero-activity report Status of Regulation: This appears to be an active, fully implemented regulation that provides clear guidelines for hemp product retailers. The regulation seems designed to create a structured approach to tracking hemp product sales, ensuring proper documentation, and facilitating tax collection and potential inspections. The regulation provides flexibility in record-keeping methods (paper or electronic) while maintaining strict requirements for the type and depth of information that must be recorded and reported.
Date: 10/31/2025
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