(NEWSER) – If you were excited about the possibility of "powdered alcohol" coming to a liquor store near you, we have bad news: It won't be, at least not in the near future. A spokesperson for the Alcohol and Tobacco Tax and Trade Bureau tells the AP the federal bureau issued the "label approval" for the product, called "Palcohol," in error. And Palcohol confirms that it agreed today to surrender the approvals, though its parent company, Lipsmark, says it will resubmit the labels for approval.

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