This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
This election year, Capitol Hill buzzed with discussions about cannabis scheduling, hemp regulations, and the FDA’s evolving role in regulating cannabinoids. Yet, missing from these debates was one critical topic: the future of medical cannabis and protections for patients.
Find the best CBD creams of 2024. Leafly reviewed popular topicals and chose what we think are the top picks for different needs and budgets. The post Leafly’s top 6 CBD creams of 2024 appeared first on Leafly.
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%.
Since then, not one topic mentioned in the 6-part series has been addressed legislatively or otherwise. During the legislative session in May 2024, lawmakers failed to bring to a final vote two cannabis bills in the Illinois House ( House Bill 4293 , the Hemp Consumer Products Act, and House Bill 2911 , a cannabis omnibus).
Marry those qualities together and the parameters and developments of the Utah medical cannabis and hemp marketplaces make perfect sense. Processor licensing opened August 23, 2019 and remains open through August 2024, with an unlimited number of licenses available in two tiers. Here’s the overview on 2019 and looking forward in 2020.
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.
According to a recent report from Prohibition Partners for Latin America and the Caribbean (2020), the medical cannabis market in Mexico could be worth $60 million by 2024. So, it isn’t a huge market by comparison to the U.S. or Canada but still holds many opportunities. “As
Hemp was in the news quite a bit this week. The 2019 edition of the Hemp and CBD Industry Factbook released figures that show retail sales of CBD topping $1 billion this year, and predicted that number could hit $10 billion by 2024. First, the federal government is seizing hemp imports at the border despite legalization.
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. Law Enforcement Subcommittee.
Chronic Health Tinctures & Topicals Chronic Health offers a wide range of CBD oils and homemade salves, all of which are designed to provide pain relief and satisfaction. Chronic Health offers pain relief ointment, 1:1 pain relief ointment, and hemp pain relief ointment, all of which offer different levels of relief.
The Hall Act restricts legal usage to that of cannabis products (not hemp) that can be ingested – for example, by tablet or non-sugarcoated gummy – topical products, suppository, transdermal patch, or by nebulizer. The retail sale of marijuana in Virginia, however, will not begin until January 1, 2024.
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.
Carts for the Arts exhibited in the large Gallery Suite along with an expert panel disscussion on the topic of the tsunami of waste consistantly growing from single-use cartridges, batteries, and packaging currently produced in the cannabis industry. Hemp Wick —exactly what the name implies; produced by many different brands and companies.
The retail provisions are set to take effect on January 1, 2024, but this deadline could be expedited by lawmakers. Assembly Bill 45 : This bill allows the production and retail sale of food and drink products containing hemp-derived CBD. The personal use provisions took effect on July 1, 2021. DECRIMINALIZATION. MISCELLANEOUS.
Nebraska farmers looking to grow hemp this season have until 5 p.m. Hemp / CBD. In Nebraska , growers looking at the possibility of growing hemp this season can apply for a license with the Nebraska Department of Agriculture. billion in 2024, nearly triple the US$14.9 Those interested need to move quickly.
from the second half of 2021 onwards as the Group fully repaid in May and June 2021 its 2022 and 2023 Eurobonds and successfully purchased a significant portion of its 2024 and 2026 Eurobonds which were bearing much higher interest rates. Second investment grade credit rating from Fitch Ratings after the one secured with Moody’s last 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 trend continued in 2024 (usable marijuana sales dropped another 2.5% Licenses and licensing Our years-long OLCC licensing moratorium was made permanent in 2024 (more on that below).
US$345 million of senior unsecured convertible debentures due February 2024. Other cannabis segment revenues (accessories, hemp, other). Cannabis extracts revenue includes cannabis oils, capsules, softgels, sprays and topical revenue. (2). 162 million of fully drawn senior secured term loans. Q1 2020 (4). Net revenue.
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.
For anyone who missed it last month, we have published a full recording and transcript of our webinar titled: “Attorney Insights on the Cannabis Industry 2024: Ask us Anything.” The post Attorney Insights on the Cannabis Industry 2024 | Ask Us Anything: The Webinar Replay appeared first on Harris Sliwoski LLP.
These tidy summaries cover cannabis law and policy topics, and related effects. Fortunately, a number of think tanks exist with strong output on the topic. Kight on Cannabis If you are interested in hemp law and policy, this may be the blog for you. Relevant reports are also updated from time to time. Thus I recommend them.
For years, people have tried to decipher the incredibly poorly worded (I can’t stress this enough) language in the 2018 Farm Bill and what it means for intoxicating hemp products like THCA products or delta-8. In the last week or so, there’s been a lot of bad news for the intoxicating hemp products industry.
HB 4121 and the cannabis license moratorium On February 6 th , 2024, I ran our annual legislative forecast and report on the proposed Oregon cannabis laws. We only had one significant cannabis bill in play, which made the 2024 session different than any year going back to 2015. The bill at issue for 2024 is HB 4121.
A central topic focused on advancing full cannabis legalization while complying with EU law and international Drug Treaties. Czechia previously sought to ban HHC products in 2024. While cannabis is listed under the 1961 Single Convention, “industrial hemp” is excluded. Last year, the WHO completed its review of HHC.
Griffen’s article is just one of many parsing the language of the 2018 Farm Bill and a 2023 DEA letter on the topic. 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.
We have also handled a good bit of hemp banking work – mostly in 2019 and 2020 before that industry cratered. It’s also not defined in the 2020 National Credit Union Administration Guidance on banking hemp-related business (“HRB”s) (which we helped create) or the 2020 FinCEN Guidance on that related topic.
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. CBD and CBD products are legal in Nebraska and can be found at hemp stores throughout the state. CBD regulations.
The 2024 Oregon legislative session kicked off yesterday. Anyway, the cannabis bill for 2024 is HB 4121. It’s topically broad. Rob tells me his marching orders for 2024 were to submit something noncontroversial, bipartisan and bi-cameral. Registration wouldn’t be required for fiber, grain products or topical products.
The new regime would commence January 1, 2024. After that, the bill provides that OLCC has to submit a report including any legislative recommendations by September 15, 2024. And then submit a report on itself, including any legislative recommendations, by September 15, 2024. HB 2949 – Local hemp regulations.
Those five submissions overlap some cases, but they also cover a fair bit of ground, with the biggest topic being cannabis producer license applications. HB 4016 – Marijuana and Hemp Producer License Moratoria; Etc. Note that both the OLCC and the ODA moratoria would expire on March 31, 2024. HB 1564 – Hemp Moratorium.
Those five submissions overlap some cases, but they also cover a fair bit of ground, with the biggest topic being cannabis producer license applications. HB 4016 – Marijuana and Hemp Producer License Moratoria; Etc. Note that both the OLCC and the ODA moratoria would expire on March 31, 2024. HB 1564 – Hemp Moratorium.
Haley did, however, sign a 2014 bill as South Carolina Governor to legalize hemp. In my view, Haley is sitting in a pretty typical Republican spot for 2024, which can be summarized as “states’ rights are best for marijuana” but “it’s not a federal priority.” And isn’t very interested in the topic. I tip my hat.
We organize all of the trending information in your field so you don't have to. Join 14,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content