Adam Terry, CEO of hemp beverage company Cantrip, will appear on the Trade To Black podcast on September 25, 2024. During the interview, hosts Shad Dales and Anthony Varel will discuss the latest developments affecting the hemp industry, including new legislation introduced by Democratic Senator Ron Wyden. They will also cover the latest headlines this week, market trends in New Jersey and Louisiana, and how the hurricanes will impact MSO operations in the Panhandle region.
As of this podcast, Helen has been upgraded to a Category 1 hurricane and is expected to make landfall along Florida's Big Bend on Thursday, bringing with it a life-threatening storm surge of up to 15 feet. 32 million people are under flood watches, and the storm surge could cause problems for some MSO operators in Florida. We'll talk about power outage preparedness.
In some states, such as New Jersey and Louisiana, businesses are struggling with regulations that stifle the THC-infused beverage industry. New Jersey hemp businesses are suing the state to overturn a law that effectively bans the sale of hemp drinks containing THC. Learn the basis for the lawsuit's challenge to violations of federal law preemption and manufacturing requirements.
A federal regulatory framework for hemp cannabinoids, including CBD, would be a game changer, as state regulations currently vary. A bill proposed by Senator Ron Wyden could create standardization across states and help companies navigate a fragmented legal environment.
The framework aims to allow states to set their own rules for products such as CBD, while at the same time giving the Food and Drug Administration (FDA) the authority to ensure certain safety standards are met in the market. Titled the Cannabinoid Safety and Regulation Act, the bill also seeks to address public health concerns related to unregulated intoxicating cannabinoid products since hemp and its derivatives were federally legalized under the 2018 Farm Bill.
Join Adam Terry as he digs into all things hemp news.
