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A new study from an industry advocacy group in California examines the content of dozens of unregulated intoxicating “hemp” products that are easily available in the Golden State despite being banned by state law. The study, entitled The Great Hemp Hoax , was released Feb. Hemp not really hemp Speaking in a Feb.
The Illinois Department of Agriculture (IDOA) announced today that proposed amendments involving provisions to the Illinois Industrial Hemp Act were moved to a Second Notice this week. 12, 2024, meeting in Springfield. Processors of industrial hemp may not be located in residentially zoned areas. percent by dry weight.
Today, the Illinois Department of Agriculture (IDOA) announced adopted amendments to the Illinois Industrial Hemp Act , effective Dec. The new rulemaking affects academic, government, and commercial institutions that participate in the industrial hemp program. Industrial hemp cultivators must file their final annual reports by Dec.
La Shawn Ford to introduce a new bill for regulating hemp and delta-8 products. Last week, Ford introduced House Bill 4161 , the Consumable Hemp Licensing bill, which focuses mainly on permits, licensing, testing, taxes, and a new special fund known as the Hemp Social Equity Fund. 24-26 and Nov.
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. The total THC concentration was also increased to 0.3%. The total THC concentration was also increased to 0.3%.
According to BDS Analytics and Arcview Market Research , the CBD market is expected to surpass $20 billion by 2024 in the United States alone. European markets are complex, particularly when it comes to hemp-derived CBD (“Hemp CBD”). Unlike the U.S. Novel Food Regulations . Different Languages.
His indoor study utilizes vibration and high-stress training to illicit stress responses in the plant that will potentially improve the growth pattern and cannabinoid concentrations. student in Lee Lab and has been doing research on hemp plants since 2022. 3:30 p.m. – Marialle A. 3:00 p.m. – Lee is currently a Ph.D
In 2015, Idaho state legalized CBD with a THC concentration of less than 3%. Further, after several failed attempts to legalize medical cannabis, there’s is finally enough steam to put an initiative on the state’s 2024 ballot. In Kansas, medicinal CBD entails a THC concentration under 5%. Possession of up to 1.5
The Maryland Hemp Coalition, hemp farmers, and other hemp-related businesses have filed a suit, challenging Maryland’s new recreational cannabis licensing policy, which they say favors only a special handful of businesses. Drug Enforcement Agency defines hemp as cannabis products containing less than 0.3%
billion in cannabis spending by 2024. projects as the leading marijuana market in the world by sales in 2024. marijuana spending by 2024. billion by 2024. billion by 2024. billion by 2024. billion by 2024. billion by 2024. MF report. United States: $30.1 As should be no surprise, the U.S.
Marijuana Business Daily projects that the state’s recreational market could generate up to $400 million in revenue its first year and more than $700 million by 2024.”. is a multi-state company with a portfolio of innovative, high-quality cannabis & hemp branded consumer products and white-labeling manufacturing. 1,047,235).
The subcommittee on cannabinoid products focuses on three issues: (1) new licensing and testing requirements for adult use cannabinoid products, (2) curtailing sales of cannabinoid products to minors, and (3) changes to state laws regulating hemp products.
If adopted, these proposals would dramatically reshape Oregon’s hemp industry and implicate the entire national market, and create new classes of crimes and increased penal sanctions for illegal marijuana production in Oregon that may mark a larger national reversion to war-on-drugs policies and mentalities. concentration threshold.
It’s a part of the rationale that the CBD business, a sector that was given an actual enhance final 12 months with the legalization of business hemp , is predicted to turn into a $22 billion market by 2024. About 26% even included extra important concentrations than what was listed.
Island”), a leading California producer of pre-rolls, flower and concentrate products. Today, the Company announces that it has signed a definitive agreement to acquire the Bloom Farms and Bloom Farms Wellness (collectively, “Bloom Farms”) brands, California cannabis and hemp brands known for bringing safe and enjoyable products to consumers.
This bill essentially relaxed restrictions, allowing licensed cannabis growers to produce hemp on an industrial scale, without fear of prosecution. It also relaxed restrictions around selling hemp-derived products interstate. CBD sales market would likely exceed $20 billion by 2024. Too Early for Buyouts.
Derivatives being nondried flower product, such as edibles, vapes, infused beverages, topicals, and concentrates. All of these derivatives require processing from cannabis and/or hemp biomass, which is where Valens GroWorks comes into play. 2018 did give the green light to industrial hemp production and hemp-derived CBD.
Reports show that concentrate sales are expected to overtake flower sales by 2022, with a large majority of these oils being consumed through pre-loaded vape cartridges. Raw Garden concentrates , labeled Clean Green. Hemp Wick —exactly what the name implies; produced by many different brands and companies. Swami Select.
ounces of cannabis flowers or an equivalent amount of cannabis concentrates in public, and up to five ounces of marijuana in their private residences. The retail provisions are set to take effect on January 1, 2024, but this deadline could be expedited by lawmakers. ADULT USE LEGALIZATION. Connecticut. DECRIMINALIZATION. EXPUNGEMENT.
The Lone Star State has not passed legislation allowing for the recreational use of marijuana and has only in recent years legalized industrial hemp and some CBD products, and expanded the range of disorders treatable under the Texas Compassionate Use Act. Texas maintained its ranking at 35 for the second consecutive year.
Sales and market data According to OLCC data , retail sales between January 1, 2024 and November 30, 2024 clocked in at $881 million. The median price per gram in the extract/concentrate category was $15.83/gram The trend continued in 2024 (usable marijuana sales dropped another 2.5% worth writing about. gram to $3.57/gram
They’re calling it the Rural Prosperity and Food Security Act of 2024 (the “Senate bill”). The Senate bill follows on the House’s proposal, called the Farm, Food and National Security Act of 2024 (the “House bill”), offered in May. That could happen in 2024, but seems more likely in 2025 when the new Congress convenes.
The concentrates/extracts category sits at 24.7%; edibles/tinctures are 13.7%; inhalable products with “non-cannabis additives” are 7%; “other” is 5.2%; and industrial hemp products bring up the rear at 0.7%. The first big task for CIAO should arise in the 2024 legislative session. Now, it’s all CIAO. THC to 1.0%
But not in Oregon” Andrew is correct that Oregon is one of few states to require a total THC concentration testing standard. More recently, the OLCC seemed to support to an interstate commerce proposal on marijuana seeds and intoxicating hemp products. Hemp has been hollowed out in Oregon, as I explained in in December.
The bill also sets caps of 800 milligrams for edibles and eight grams for concentrates. All in all, insiders do not expect adult-use legal sales to start until summer to fall of 2024. These are defined as hemp food or beverages that contain no more than five milligrams of delta-9 THC.
Ability to source marijuana genetic material from outside Colorado Senate Bill 23-271 , which went into effect in early 2024, aims to enhance Colorados marijuana industry. Marijuana genetics: are they hemp or marijuana? In short, under federal law, marijuana genetics appear to be hemp. percent on a dry weight basis.
Governor Kevin Stitt signed legislation enacting a moratorium on some new medical marijuana licenses, effective on August 1, 2022 and ending August 1, 2024. Sets a date of July 1, 2024 for automatic expungement of cannabis possession convictions. The moratorium expires March 31, 2024. Development. May 26, 2022. Processors.
The next attempt to get medical marijuana on the ballot will likely be in 2024. Industrial hemp was grown in Nebraska as far back as the 1880s but cultivation stopped when the state prohibited the plant in 1927. Possessing any amount of concentrates is also a felony. Medical cannabis in Nebraska. CBD regulations.
Governor Kevin Stitt signed legislation enacting a moratorium on some new medical marijuana licenses, effective on August 1, 2022 and ending August 1, 2024. Sets a date of July 1, 2024 for automatic expungement of cannabis possession convictions. The moratorium expires March 31, 2024. Development. May 26, 2022. Processors.
This week: The National Credit Union Administration affirms that credit unions may provide financial services to hemp businesses. The US Department of Agriculture (USDA) has released new data indicating a substantial increase in the growth of US hemp production. percent on a dry weight basis.
Two weeks ago, the Illinois Department of Agriculture (IDOA) announced that proposed amendments involving provisions to the Illinois Industrial Hemp Act had been moved to a Second Notice. The changes to the Industrial Hemp Act were originally proposed on Dec. 12, 2024, in Springfield. For Illinois News Joint reviews, visit here.
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