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Hemp Industry News: Sept 21

Pharmaceutical Industry corners Australia’s CBD market

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Australia’s interim decision for over the counter CBD will require it “meet the same regulations as any other prescription pharmaceutical.” The rule also prohibited smokeables, vape, and topicals. Despite the continued prohibition Althea Group CEO called the ruling “one of the biggest developments in the medical cannabis industry to date.”  Read More.

DEA undermines hemp extraction industry.

Chaos in hemp as DEA rules hemp extracts as Schedule 1 when they exceed 0.3% THC during extraction. One hemp extractor called it “a death blow to the hemp-extraction industry”, leaving extractors, retailers, brands, and all their employees criminally liable. Currently, “there’s no method to prevent THC levels from rising during production.” Read More. 

Hemp industry sues DEA

The hemp industry is officially suing the DEA over its new extracts rule. The Hemp Industry Association and RE Botanicals filed a lawsuit against the DEA Interim final rule categorizing  “hemp extracts as a controlled substance when they hit above 0.3% THC during extraction.” The rule took effect immediately on Aug 21, but might not be final as the agency is still taking comments, and more comments are needed! Read More.

Kentucky Hemp Association merger

The Kentucky Hemp Association grew stronger by merging with the formerly dissolved Kentucky chapter of The Hemp Industry Association. They are now touting their “independence and the flexibility to focus our support on Kentucky farmers and the industries they supply.” Local lawmakers are optimistic that the newly merged group can create an “environment where hemp can flourish in the Bluegrass State.” Read More. 

Hemp qualifies for Coronavirus aid

Hemp cultivators now qualify for USDA aid through the Coronavirus Food Assistance Program under “flat rate crops.” This round of aid funding includes $14 Billion for which hemp farmers can now apply, as they certainly have been impacted by the global pandemic. Payments will be “calculated based on eligible 2020 acres multiplied by $15 per acre.” Read More. 

 

Thank you for reading! Stay tuned for next weeks Hemp Industry News…

 

Ashley Dellinger

Ashley Dellinger

Ashley Dellinger is a trailblazer in the cannabis and hemp sectors, serving as the Director of Innovation at The Hemp Collect. With a keen visionary mindset, she not only propels advancements in these industries but also showcases her versatility as a seasoned professional writer based in Oregon. As a collaborative force, Ashley works alongside leading brands, processors, and retailers to elevate industry standards. Boasting extensive experience in the dynamic realms of cannabis and hemp, Ashley Dellinger has left an indelible mark through her prolific contributions, penning thousands of articles across both print and digital formats. Her writing spans news, business, and culture within these burgeoning industries, reflecting her deep understanding and unmatched expertise. What sets Ashley apart is the seamless fusion of innovation and writing prowess, establishing her as a prominent voice and guiding light for those navigating the ever-evolving landscapes of cannabis and hemp. Ashley is on the cutting edge of bringing innovative products and methods that will define the future of cannabis and hemp. Her passion for sustainability and quality drives her even more than being a thought leader. Ashley Dellinger's work not only sets new benchmarks but also inspires others to pursue excellence. For a closer look into her insights and experiences, connect with Ashley on LinkedIn , Instagram, and Facebook. Her influence extends beyond business, enriching the cannabis community with knowledge and innovation, solidifying her as a driving force in the continuous evolution of these dynamic industries.
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