ARCHIVES: Hemp Industry News for June 2022
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Delta-8 products confined to Oregon’s licensed marijuana outlets beginning Friday
Delta-8 THC products will be available only in Oregon’s licensed recreational cannabis outlets after a state law passed last year that placed the Wholesale CBD-derived compound under the same regulations that cover legal marijuana. The law, which becomes effective this Friday, July 1, makes Oregon the first state in the U.S. to order removal of such synthetic cannabinoids from grocery stores and other retail outlets. Delta-8 products come in such forms as CBD vape liquids, Bulk CBD tinctures and wholesale CBD extracts, wholesale CBD gummies, bulk CBD candies, cookies and wholesale CBD drinks...
June 27, 2022 | HempToday | Read The Article 
Big players announce CBD plans after Thailand strikes cannabis from drug list
Several companies have announced plans to develop CBD business in Thailand following the removal of magic mushrooms, hemp and marijuana from the country’s list of dangerous drugs last week. The changes cleared the way for the processing of cannabis flowers after the government in late 2020 started allowing manufacturers to produce hemp seed oil- and extract-based cosmetics, and products from plant stalks, and last year approved hempseed oil derivatives for use in food and drinks...
June 15, 2022 | HempToday | Read The Article
Midterm Review: A 2022 U.S. Hemp Production Outlook
The U.S. hemp industry is in a period of correction after initially overheated production since passage of the 2018 Farm Bill. Over the past three years, there has been a significant decline in U.S. hemp acreage, but rather than perceived as a negative with fear that the crop has fizzled, it should be welcomed as a much-needed reset for an imperative balance between supply and market demand...
June 9, 2022 | By Eric Singular, Director, Hemp Business Journal | Read The Article
Minnesota Legalizes Up to 5mg of THC in Hemp-Derived Food and Beverages
Minnesota Gov. Tim Walz (D) last week signed a bill legalizing up to 5 milligrams of THC in hemp-derived food and beverage products. The products can only be sold to those 21-and-older. The bill effectively legalizes products with low levels of delta-8 and delta-9 THC in concentrations up to 5 milligrams per serving, and up to 50 milligrams per package. Kurtis Hanna, lobbyist for the Minnesota chapter of the NORML, said she thinks the measure is a way “in which Minnesotans are going to be able to check out what it’s like to have legal products being sold on shelves in a non-gray market"...
June 9, 2022 | By TG Branfalt, Ganjapreneur | Read The Article
UK parliamentary group urges radical overhaul of CBD approval system
A parliamentary group in the UK has recommended the government abandon the current system for approving Bulk CBD products through the regime for new or “novel” foods, and in its place institute a food-safety system based on certificates of analysis (COAs). The recommendation would radically alter the CBD hemp landscape in the UK, unlocking the country’s full potential to meet growing domestic demand estimated at roughly £690 million (~€814.5 million; ~$905.7 million) and create export opportunities for producers...
June 8, 2022 | HempToday | Read The Article
North Carolina Senate Votes to Permanently Legalize Hemp
The North Carolina Senate voted to permanently legalize hemp on Tuesday and some lawmakers are set to discuss the legalization of medical cannabis today. The North Carolina Senate on Tuesday voted unanimously on a measure that would permanently legalize hemp in the state, defining it as having less than 0.3% delta-9 THC and excluding it from the state’s controlled substances list, WRAL reports. State lawmakers temporarily legalized hemp in 2015 as part of a pilot program that expires at the end of June...
June 2, 2022 | By TG Branfalt | Ganjapreneur | Read The Article
North Carolina Senate passes bill that would avert hemp industry shutdown
Farming legislation that would firmly establish the legality of industrial hemp in North Carolina has passed the state’s Senate. The Senate yesterday approved its annual Farm Act, including updated language which would remove hemp from the state’s controlled substances list, a change that is necessary because hemp has been legal in the state only under a pilot hemp program started in 2017 that ends July 1. The measure, which now goes to the state’s House of Representatives, would also set the official level for THC that defines hemp from marijuana at 0.3%...
June 1, 2022 | HempToday | Read The Article