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25-5-427 and regulated by 6 CCR 1010-24 ), a landmark bill regulating intoxicating hemp products in the state. This legislation followed recommendations from the Intoxicating Hemp Task Force, which was established a year earlier under SB 22-205. In June 2023, Colorado Governor Jared Polis signed SB 23-271 (codified in C.R.S.
Surprising no one, recent findings show that most hemp in Oregon runs hot. This hemp is often sold and marketed online without age verification, in packaging attractive to minors, or at unlicensed retail stores. The technical report at issue runs 45 pages, and covers marijuana as well as hemp. Not a great look overall.
In yet another setback for hemp and marijuana-adjacent businesses, the U.S. Small Business Administration (SBA) has quietly reintroduced a policy that effectively disqualifies most of them from critical federal loan programs. Cannabis is the plant species that includes both marijuana and hemp. Otherwise, be specific.)
” This challenge is compounded by strict regulations on low-THC hemp products, making safe and reliable options increasingly scarce (ScienceDirect, 2023). This includes overseeing continued access to hemp-derived, full-spectrum CBD products containing 0.3% ScienceDirect, 2021). Paul’s story illustrates this challenge.
If youre a cannabis business owner, lawyer, or entrepreneur looking to protect your brand, you wont want to miss our upcoming webinar on cannabis and trademarks. Register now to ensure your cannabis business is legally protected and ready for growth. Steps to future-proof your brand in an evolving legal landscape Who Should Attend?
If you are confused by the topic of CBD Hemp oil, you’re not alone. Ninety-nine out of a hundred articles about CBD will tell you that it is extracted from industrial hemp — “the plant with 10,000 uses.”. Yes, CBD comes from hemp. Understanding the Differences Between CBD Rich Hemp and Industrial Hemp.
As we have previously discussed, the sale and marketing of hemp-infused cannabidiol (“Hemp-CBD”) cosmetics, such as salves, lotions and creams (collectively “Topicals”), present the lowest risk for businesses wishing to enter this booming industry. CBD Gel helps relieve arthritis pain and sore, overworked muscles.
Financial institutions that work with marijuana businesses must conduct due diligence to ensure that marijuana businesses are complying with state law. That has made it very difficult for many hemp and hemp-derived CBD (“Hemp-CBD”) businesses to access bank accounts. That is changing.
We’ve been writing a lot lately about recent major changes in federal hemp laws that will likely affect every hemp company in the United States (see here , here , and here ). ” A business derives at least 50 percent of its annual revenues from selling consumers’ personal information. This is a mouthful.
Expanding into the category of market-ready cannabis topicals, the company announces the addition of cannabis-infused body oils, bath oils and balms to their existing vaporizer, concentrate and oil lineup. In 2020, topical sales accounted for over $174 million across the country, a number expected to grow to $227 million in 2021.
The number one question we have received lately is: “do you know a bank or credit union that will bank my hemp-CBD business?” And if a financial institution is indeed banking your hemp-CBD business, they’re certainly doing it at their own risk in the face of the Bank Secrecy Act and federal anti-money laundering laws.
HEMP ROUNDTABLE ANNOUNCES DIVERSE, INFLUENTIAL SLATE OF 2021 NATIONAL OFFICERS. Hemp Roundtable, the hemp industry’s national business advocacy organization, today announced the addition of Hannah Johannes, Natasha Cuda, and James Shorris to its roster of officers for 2021. ABOUT THE US HEMP ROUNDTABLE.
We’ve written extensively on this blog about industrial hemp-derived CBD products, including CBD comestibles , CBD pet products , CBD in alcohol , and CBD topicals. As we’ve analyzed before, cosmetics are treated differently under federal law than food products. 355(a) and 331(d).”
Rod Discusses Legal Challenges Facing Hemp and CBD with The CBD Guide. We discussed a number of topics, including: My first-hand experience with CBD and my path to representing businesses in the cannabis industry. Some of the biggest legal missteps CBD businesses make, and how they can be avoided. June 8, 2021.
Department of Agriculture (USDA) published its interim final rules for the production of hemp under the 2018 Farm Bill. Our firm has provided a broad overview of the rules and written about the potential impact of the testing rules on the hemp industry. The EIN number of the business entity. Who is a key participant?
And while hemp and marijuana are essentially from the same plant, their difference is in their legal status based on the concentration of THC. Hemp typically contains 0.3% On Tuesday, May 2, 2023, the Florida House approved a bill that imposes no THC caps on hemp products. Nonetheless, business owners pushed back on it.
We try to cover cannabis-related trademark issues thoroughly on this blog, because branding and trademark protection form the most basic foundation for most businesses. The “Tiger Hemp Beer” Case: Clear Your Cannabis Trademarks Before Filing. UPS Sues Multiple Cannabis Delivery Companies for Trademark Infringement.
On June 19, 2019, at 1:30 PST, the Washington State Bar Association’s Cannabis Law Section will be presenting an online CLE on hemp. I’ll be joined by my esteemed colleagues to shed some light on hemp laws both nationally and here in the Evergreen State. Some states also license the processing of hemp.
The passage of the 2018 Farm Bill and the legalization of hemp and hemp-derived products has sparked strong business interest from foreign stakeholders. This blog posts briefly addresses the risks and feasibility of engaging in this business at the moment. IMPORTING HEMP.
Hawaii has put forth new regulations surrounding the cultivation of hemp, a class of cannabis plants that contain 0.3% When it comes to hemp—and the world of cannabis in general—frequent and chaotic changes are the name of the game. The History of Hemp Regulations in Hawaii. The Newest Hemp Regulations in Hawaii.
The Agriculture Improvement Act of 2018 (“ 2018 Farm Bill ”) legalized hemp by removing the crop and its derivatives from the definition of marijuana under the Controlled Substances Act (“CSA”) and by providing a detailed framework for the cultivation of hemp. 195.010 , and legalized the cultivation of industrial hemp.
This is the first in a three-part series addressing why companies making and sell hemp-derived CBD products ought to be concerned about state consumer protection laws and offering a few thoughts on how to mitigate the risk of running afoul of those laws. CBD Topicals are Not Immune from FDA Scrutiny, as Recent Warning Letters Show.
Exclusive licensing of certain of Avicanna’s advanced and evidence-based CBD topical products including its deep tissue and skin care formulations. TORONTO–(BUSINESS WIRE)–Heritage Cannabis Holdings Corp. We are excited to add Avicanna’s innovative topical products to our portfolio of highly effective medical CBD products.
DUBLIN–(BUSINESS WIRE)–The “Regulatory report: Norway” report has been added to ResearchAndMarkets.com’s offering. Cannabis and hemp fall under the same regulatory framework in Norway. The legal framework does not have a special category for industrial hemp, and it is as restricted as cannabis.
As everyone knows by now the 2018 Farm Bill legalized hemp production by de-scheduling the crop under the Controlled Substance Act. We’ve written extensively about federal hemp rules and regulations as well as those in California , Oregon and Washington. We’ve also offered a free webinar on West Coast Hemp CBD. Because money.
Last week, New York City’s Department of Health (“DOH”) quarantined a number of edible products that contained hemp-derived CBD (“Hemp-CBD”) and announced that Hemp-CBD would not be allowed in food products in the City. This post is part one of two on how the State of New York is regulating CBD. .
DUBLIN–(BUSINESS WIRE)–The “Regulatory Report: China – Importing and Exporting Hemp, Cannabis and CBD” report has been added to ResearchAndMarkets.com’s offering. Key Topics Covered: 1 Executive summary. Find out more about import and export in this report. 2 Cannabis. 4 CBD isolate.
Hemp Roundtable, alongside the Minority Cannabis Business Association, hosts Navigating Regulations in the Hemp Industry: A complimentary webinar for small and minority-owned hemp companies tomorrow, June 22, 2021, 2-3PM EDT. The USHR MEC’s mission is simple – to create an equitable and impactful hemp industry for all.
After Governor Kristi Noem of South Dakota vetoed a bill to regulate industrial hemp production last month, the legislature is set to study the topic during the interim session. Legislation is pending, Senate Bill 225, to amend the state’s existing industrial hemp law to be in compliance with the new federal hemp regulations.
DUBLIN–(BUSINESS WIRE)–The “Industrial Hemp – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering. Amid the COVID-19 crisis, the global market for Industrial Hemp estimated at US$5.3 The Industrial Hemp market in the U.S. Hemp Sense Inc.
We frequently write on hemp litigation and the ways farmers and purchasers can mitigate the risks inherent in this new industry. Along with others , we have stressed the importance of strategic and careful thinking before entering before entering into a hemp-related contract. In exchange, Jupiter agreed to pay defendants $7.5
A Roundtable-supported bill that would clarify that hemp-derived CBD is legal for manufacture, distribution and sale in the state of California passed out of the Assembly Committee on Health yesterday afternoon without a single no vote. We now expect AB 228 to go to the Assembly Business and Professions Committee sometime next week.
If left to their own devices in Cannabis, a mixed bag of state regulations will continue to confuse the market as they rush to implement policies that are challenging for business and almost impossible for the consumer to understand. QUESTION: What’s the state of the Cannabis business today? . Especially in CBD/Hemp. . .
More than a week after a Congressional deadline, FDA finally released its long-awaited report to Congress on the potential regulatory pathways for the sale of hemp-derived CBD products. FDA is re-opening the docket to obtain information on “full spectrum” and “broad spectrum” hemp extracts, and how they compare to CBD isolate products.
DUBLIN–(BUSINESS WIRE)–The “Regulatory report: Finland” report has been added to ResearchAndMarkets.com’s offering. However, a new legal framework for growing industrial hemp without the need to apply for EU subsidies is due to be adopted. Key Topics Covered: 1 Executive summary. 3 Hemp plant.
Do you know how to make a Vegan Hemp cream of mushroom soup? Topic Focus-. The topic focus of this book is evident in the title and yet you will still find yourself surprised and even blown away by the impressive array of cannabis recipes that this wonderful book has to offer. Shall we then? Reading Experience-.
Louisiana is set to allow hemp-derived delta-8 THC in food, a surprising step as more than a dozen states are doing the opposite and banning the isomer or limiting it to marijuana retailers. Smart move… MJ Biz has the details. Louisiana’s health department cited a new law that clears the path for delta-8 THC.
DUBLIN–(BUSINESS WIRE)–The “Industrial Hemp Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2026” report has been added to ResearchAndMarkets.com’s offering. The report predicts the global industrial hemp market to grow with a CAGR of 17% over the forecast period from 2020-2026.
More than a week after a Congressional deadline, FDA finally released its long-awaited report to Congress on the potential regulatory pathways for the sale of hemp-derived CBD products. FDA is re-opening the docket to obtain information on “full spectrum” and “broad spectrum” hemp extracts, and how they compare to CBD isolate products.
Looking to learn the basics of Hemp/CBD law for your small or minority-owned business? Mark your calendar for a FREE panel-style webinar hosted by Frost Brown Todd that will provide the primer on the ever-evolving state and federal laws and regulations concerning hemp and CBD. Specifically, we will cover: Business Startup.
Best practices for navigating the international cannabis trade has been an in-demand topic for our business and international trade attorneys over the past year. cannabis businesses; and. The industry is rapidly expanding and many are eager to get in on the action early. Your questions!
DUBLIN–(BUSINESS WIRE)–The “Global Industrial Hemp Market Report and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering. The global industrial hemp market attained a value of USD 4.7 The colour of hemp fibre is yellowish grey to deep brown, with a length of 4 to 6.5%
This is the second installment in our series on the Food and Drug Administration (“FDA”) and hemp-derived CBD (“Hemp-CBD”). Shalala is of note as that case may have a major bearing on Hemp-CBD. The Future of Hemp-CBD . The Pharmanex case could dictate how the FDA treats Hemp-CBD.
Glenn Youngkin has publicly declared legislative changes that could result in a major reduction in high-inducing hemp-derived products that have been largely unregulated in Virginia. However, hemp industry members have prompted Gov. The total THC concentration was also increased to 0.3%.
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