Canopy Growth Corp (WEED)

[awesomesound]

In their effort to legalize and regulate hemp-derived CBD, the Farm Bill authors stipulated that any cannabinoid derived from hemp – defined as cannabis containing less than 0.3% delta-9 THC – was a legal product.

But the delta-9 specification left other cannabinoids outside the realm of regulation.

The Farm Bill also created a “massive gray market worth an estimated $28 billion” that’s delivering “cannabis-equivalent products into our economies regardless of states’ intentions to legalize cannabis use, and dangerously undermining regulations and consumer protections in states where adult-use legal cannabis programs are already in place,” the attorneys general wrote.

The cannabis industry was hopeful Congress would fix that loophole when the 2018 Farm Bill expired in 2023.

But owing, in part, to a leadership struggle and, more recently, a tussle over the federal budget, Congress has yet to release a draft of a new Farm Bill.

In fact, last November, Congress extended the 2018 Farm Bill until September 2024.

The letter noted that, “regardless of your Committees’ intentions, the reality is that this law has unleashed on our states a flood of products that are nothing less than a more potent form of cannabis, often in candy form that is made attractive to youth and children – with staggering levels of potency, no regulation, no oversight, and a limited capability for our offices to rein them in.”

Does any of this sound Like US Cannabis Money???

https://mjbizdaily.com/intoxicating-hemp-derived-cannabinoids-must-be-halted-state-ags-tell-congress/