Products with limited amounts of hemp-derived THC would be legal in California again under a bill recently introduced in the state Legislature. Products with detectable amounts of hemp-sourced THC have been banned in the state since September under emergency regulations backed by Gov. Gavin Newsom. That ban would be lifted if lawmakers pass Assembly Bill […]
This article was republished with permission from Crain’s Chicago Business. A bill to regulate hemp products aimed at curbing synthetic marijuana appears dead for now in the state Legislature, failing to get enough support to be called for a vote. It’s a rare political setback for Gov. JB Pritzker, who made the bill a priority […]
The battle over legal hemp is continuing across the country as the conflict over intoxicating products heats up between legislators and hemp companies. Lawmakers are concerned that unregulated products are sold with mostly no age restrictions allowing minors to buy products with advertised THC levels. States have been attempting to implement regulations around these products […]
The rise of intoxicating hemp products has undeniably become an major trend across the U.S. cannabis industry over the past few years, with an increasing number of marijuana companies either pivoting completely to hemp or at least adding hemp goods to their product offerings. It’s also a trend that Wana Brands CEO Joe Hodas doesn’t […]
The end of the year is near. But what a year 2024 was. First, the trend that wasn’t. The industry entered the year with high hopes that the plant would be moved from Schedule I to Schedule III, which could open more opportunities for investment and growth. But as the months rolled pass, action faced […]
Congressional leaders agreed to a one-year farm bill extension that maintains current hemp regulations while putting off any anticipated changes to the industry until 2025, according to new reports this week. The extension, part of a 1,547-page government funding package released on Monday, maintains the status quo on hemp despite separate House and Senate proposals […]
Missouri lawmakers are still figuring out exactly how to best regulate the state’s nascent intoxicating hemp market, as new competing bills show a deepening rift between industry players over distribution systems and product restrictions. Three prefiled bills propose different regulatory frameworks for hemp-derived products, which can currently be sold in bars and coffee shops statewide […]
Agrify Corp. (Nasdaq: AGFY) announced Monday it has closed its acquisition of hemp-derived THC drink maker Señorita in an all-stock transaction valued at approximately $4.9 million. The deal involves acquiring certain U.S. and Canadian hemp assets from Double or Nothing LLC, with Agrify issuing 530,000 shares for the transaction, according to a company statement. “This […]
This story was published with permission from Crain’s Chicago Business. Gov. JB Pritzker plans to make the case Friday for the Illinois House of Representatives to pass a law to crack down on intoxicating hemp during the lame-duck session next month. Pritzker has said he favors regulating hemp-based products, also called synthetic marijuana, that are […]
The attractiveness of the intoxicating hemp market is becoming harder for regulated cannabis companies to ignore. Fewer regulations and less oversight make the profits better and easier than grinding it out in the restrictive cannabis industry. Organigram Holdings (Nasdaq: OGI) is one of the latest big-name companies to focus on building up its arsenal of […]
