Hemp Legalization & Regulatory News for Hemp Businesses

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CNBC’s “Squawk on the Street” team discusses pot stocks with Sen. Tom Daschle, Clever Leafs advisory board member and former Senate Majority Leader, and Kyle Detwiler, Clever Leaves CEO. Subscribe to CNBC PRO for access to investor and analyst insights on marijuana: https://cnb.cx/3jGk6xO » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC »
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A coastal Texas smoke-shop owner facing criminal marijuana charges after a police raid Tuesday says the cannabis flower, vapes, gummies and other products taken were legal hemp, not illegal marijuana. Faded Smoke Shop owner Alexandra Degollado faces charges of manufacture or delivery of a controlled substance, the Victoria Advocate reported. One of her store employees
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Bradley Tusk, CEO of Tusk Ventures, says it’s likely there will be some retail investors who lose money by investing in the cannabis industry, similar to GameStop stocks. But he says there’s also reason to be optimistic on the cannabis industry as states move forward in legalizing marijuana. For access to live and exclusive video
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Pot stocks fly higher on legalization hopes. With CNBC’s Julia Boorstin and Melissa Lee, and and the Fast Money traders, Guy Adami, Tim Seymour, Steve Grasso and James McDonald. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi Canopy Growth shares rallied Tuesday after the Canadian cannabis company said it
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A bipartisan bill that was introduced in the U.S. House of Representatives Thursday could push legal CBD through Congress, providing consumer access and protection while clearing the supply chain bottleneck. The Hemp and Hemp-Derived CBD Consumer Protection and Market Stabilization Act of 2021 is sponsored by Representatives Kurt Schrader, a Democrat from Oregon, and Morgan
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Mexico is moving ahead on medical marijuana regulation — and all hemp and marijuana companies that envision doing business there in the future should start preparing now, lawyers say. The Mexican government has begun setting a regulatory structure for medical cannabis in the country, making it possible for companies to start applying for research licenses
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A New Mexico district court has invalidated the state’s hemp production rules that allowed regulators to revoke or suspend licenses without notice and imposed strict testing requirements. Santa Fe District Court Judge Bryan Biedscheid said the New Mexico Department of Health’s rules were invalid because the agency failed to consult with the Medical Cannabis Advisory
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The hemp industry has high hopes for thriving under President Joe Biden, with operators seeing opportunities in the president’s climate plan and feeling optimistic that congressional action on high-THC cannabis will open more opportunities for hemp entrepreneurs. But the industry is still waiting for answers on some of its most pressing concerns, especially the legality
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Tim Seymour, the founder and chief investment officer of Seymour Asset Management and the man behind the Amplify Seymour Cannabis ETF (CNBS), runs through three major headlines moving cannabis stocks. Subscribe to CNBC Pro to access our live Pro Talk “How to Navigate the Reddit Market Mania” with Fundstrat’s Tom Lee and CNBC’s Mike Santoli:
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Hemp farmers getting federal pandemic assistance will see those payments frozen because of the changed administration. The U.S. Department of Agriculture says that payments under the latest round of the Coronavirus Food Assistance Program are on hold “until further notice” — though interested farmers can continue applying through Feb. 26. The latest round of coronavirus
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The Senate Agriculture Committee talks to an experienced hemp regulator Tuesday when it considers the confirmation of Tom Vilsack for Secretary of Agriculture. Vilsack, an Iowan, is President Joe Biden’s nominee and served in the same role for all eight years of the Obama administration. He oversaw the USDA during passage and implementation of the
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A top official with the U.S. Department of Agriculture praised the agency’s work on hemp this week, putting into doubt any plans to make additional changes. Sonia Jimenez, deputy administrator for the Specialty Crops Program in the USDA’s Agricultural Marketing Service, talked up the rules in a newsletter the agency sends to farmers. “The work
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Federal regulators that go after companies for false advertising recently weighed on sanctions against CBD companies, with one urging the agency to focus on opioid manufacturers and another warning against a chilling effect on legitimate cannabis research. Rohit Chopra and Christine S. Wilson, two of five members on the Federal Trade Commission, recently published statements
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Thailand’s public health minister has approved regulations legalizing hemp production beginning Friday. The new rules allows hemp cultivation for commercial, medicinal, and research purposes, the Bangkok Post reported. Public Health Minister Anutin Charnvirakul approved the rules Thursday. The regulations will allow both exports and imports and the plant can be cultivated for extracts, beverages, cosmetics,
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The U.S. Drug Enforcement Administration is asking a federal judge to dismiss a lawsuit from the Hemp Industries Association over an extraction rule that meany fear will wrongly criminalize temporary byproducts of the plant during production. The DEA says in a filing Tuesday that HIA is challenging “a hypothetical regulation or policy concerning manufacturing byproduct”