Hemp Industry News: Sept 7

California firms their stance and alignment with the FDA’s position on the illegality of CBD food products.

California firms their stance and alignment with the FDA’s position on the illegality of CBD food products. Hemp Roundtable estimates this decision will deprive California of a potential $300 million revenue stream, this year alone. AB 2028 will likely continue to be introduced but the implications of this decision and California’s CBD market remain to be seen. Read More.

A USDA lawyer clarified the distinction between legal, less than .3% THC, industrial hemp, and hot hemp as illegal marijuana.

A USDA lawyer clarified the distinction between legal, less than .3% THC, industrial hemp, and hot hemp as illegal marijuana. Mentioning “a little bit of leeway” in terms of a lab's margin of error, producers were encouraged to not negligently grow, as they could lose eligibility to participate in the hemp program. As of right now, it was stated that the DEA labs' requirements will take effect in 2021 regardless of if there are enough DEA labs. Read More.

Pakistan made a “landmark decision” and passed hemp legalization for medical and industrial use.

Pakistan made a “landmark decision” and passed hemp legalization for medical and industrial use. Despite cannabis’s continued illegality, .3% THC will be qualified as industrial hemp. They are hoping to cash in at least $1 billion in the next three years and are growing the Asia-Pacific market. More Hemp Industry News. Read More.

Great reference resource outlining the notable items applicable for rapidly closing comment period.

Great reference resource outlining the notable items applicable for rapidly closing comment period. The comment period ends October 8 and the rules require industry feedback. They are considering a significant number of options for each item and you might have some incredibly valuable insight to share, so, share. Keep up with hemp industry news. Read More.

Maine, Missouri, and the Umpqua Tribe received USDA approval adding to the 55 previously approved plans.

Maine, Missouri, and the Umpqua Tribe received USDA approval adding to the 55 previously approved plans. Despite the 6 hemp regulatory plans which require revisions prior to approval, the USDA “continues to receive and review hemp production plans.” The final policy has yet to be provided despite plan approvals while the congress and DEA attempt to exert control. Read More.

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