As the legal cannabis industry (both medical and recreational) continue to await federal reforms impacting investments, banking, taxes, research and interstate commerce, the federal government’s failure to act on intoxicating hemp presents the clearest danger to the regulated industry to date.
Intoxicating hemp is a manufactured form of THC derived from hemp. Its production and sale are currently permitted due to a loophole in the 1999 Farm Bill, which authorized the production of hemp. As an example, corn is an agricultural commodity but when it is changed to whiskey, it is regulated in a different manner by different regulatory bodies. Ironically, Congress has failed to recognize the existence of the legal cannabis industry, but somehow, we are to interpret that they intended to authorize unregulated, untaxed and untested intoxicating hemp products in the Farm Bill?
As the legal cannabis industry (both medical and recreational) continue to await federal reforms impacting investments, banking, taxes, research and interstate commerce, the federal government’s failure to act on intoxicating hemp presents the clearest danger to the regulated industry to date. Read More
