+ Farm Bill, Rescheduling, SAFER Banking, Ohio Legalization, Federal Reform & More!
| Most Popular This Month | | | Farm Bill Amendment Poses Major Threats to Hemp Industry | | Major implications for the hemp-derived cannabinoid industry—and even for the hemp fiber and grain markets as it relates to THC testing—are taking shape as U.S. House Agriculture Committee members amend the 2024 Farm Bill legislation this month. Under an amendment put forward by Rep. Mary Miller, R-Ill., not only would products containing intoxicating hemp-derived cannabinoids such as delta-8 THC be banned under federal law, but the legal definition for hemp would be altered to include tetrahydrocannabinolic acid (THCA) when calculating total THC on a dry-weight basis. This means hemp will be held to stricter testing standards for the 0.3% THC threshold that separates hemp from cannabis. The potentially devastating impacts of these changes, as reported by Editorial Director Noelle Skodzinski, led Cannabis Business Times’ top 10 most-read articles this month. Meanwhile, the Department of Justice’s decision to follow through on a recommendation to reclassify cannabis as a Schedule III drug—news that broke in late April—spilled over as CBT’s No. 2 traffic driver in May. Rescheduling follow-ups on frequently asked questions, future implications, and Biden’s announcement of the White House’s review process also landed in the top 10. Other articles readers engaged with most this month included those that covered where all 100 U.S. Senators stand on the SAFER Banking Act, the 47 Ohio localities that have enacted cannabis moratorium ahead of adult-use sales, and the reintroduction of a Senate bill to federally legalize cannabis.
Catch Up on The Top 10 Stories From May |
No. 10: More Questions Than Answers | | | Federal Marijuana Rescheduling on the Horizon: A Big Step Forward But Not the Be-All-End-All | | Rescheduling does not make cannabis legal throughout America and the U.S. territories; It makes cannabis a federally regulated medication—and many questions remain about the fate of the industry. More >>> |
No. 9: Time for Congress to Wake Up | | | Senate Democrats Introduce Bill to Federally Legalize Cannabis | | The Cannabis Administration and Opportunity Act aims to deschedule marijuana by removing it from the Controlled Substances Act. More >>> |
No. 8: Just the Starting Point | | | US Senate Democrats Forgo Addressing Intoxicating Hemp in 2024 Farm Bill Summary | | Agriculture Committee leaders released framework for the bill’s reauthorization, which would reduce barriers for industrial hemp farmers. More >>> |
No. 7: Putting the Process in Motion | | | White House Moves to Reschedule Cannabis in ‘Monumental’ Decision, Biden Says | | The Department of Justice will issue a notice of proposed rulemaking to reclassify cannabis in the Federal Register, which will be followed by a 60-day public comment period prior to the department potentially finalizing the rule. More >>> |
No. 6: The Road Ahead | | | Cannabis Rescheduling: Where Do We Go From Here? | | The legal team at Vicente addressed the significance of the potential move to reschedule cannabis, detailing the ramifications for state-legal cannabis businesses and what could happen next, during a webinar. Here are 12 key takeaways from the event. More >>> |
No. 5: The Support is There | | | Where All 100 US Senators Stand on SAFER Banking Act | | At least 59 senators support or likely support the cannabis reform legislation as Majority Leader Chuck Schumer holds keys to floor vote. More >>> |
No. 4: Education Needed on Consumer Safety | | | 47 Ohio Localities Enact Cannabis Moratoriums Ahead of Adult-Use Sales Launch | | The Buckeye State has at least four cities where existing medical cannabis dispensaries could be impacted by these business bans. More >>> |
No. 3: What We Know | | | Cannabis Rescheduling FAQ: What Now? | | From potential timelines to 280E to SAFER Banking, legal experts explain the implications of the federal government reclassifying cannabis as a less dangerous substance. More >>> |
No. 2: The Big Announcement | | | UPDATE: DEA Moves to Reschedule Cannabis | | The federal agency that has long enforced prohibition aligns with the recommendation from the U.S. Department of Health and Human Services, FDA to reclassify cannabis as a Schedule III substance under the Controlled Substances Act. More >>> |
No. 1: Shuttering A Multibillion-Dollar Market? | | | Farm Bill Amendment Would ‘Devastate’ Hemp-Derived Cannabinoid Industry, Close THCA Loophole for Seed and Flower Sales | | Rep. Mary Miller, R-Ill., has proposed an amendment to the Farm Bill redefining hemp and excluding cannabis seeds exceeding a total THC concentration (including THCA) of 0.3%. More >>> |
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