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The Governor of New Jersey signed into law Senate Bill No. 3235 (the “Intoxicating Hemp Law”), designed to regulate the production and sale of certain intoxicating hemp products. At a high level, this law would limit the...more
After a busy week, legislators left Raleigh on Thursday for the foreseeable future. Although they did not pass a new 2024 budget bill, they did appropriate funds for certain purposes and are authorized to return later this...more
While legislators continue to discuss a new state budget bill, the North Carolina General Assembly this week considered bills on a variety of topics. Budget Work- Legislators are working on a budget bill for FY 25,...more
Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. This week, we have updates on two stories from last week: the hemp loophole in the Farm Bill and the legalization...more
Two notable bills became law this week and legislators continued budget negotiations. Budget Negotiations - Budget negotiators this week continued work on a conference committee report for the budget bill (H 259)....more
Governor Roy Cooper this week signed some bills and legislators continued budget negotiations. Budget Negotiations - Budget negotiators this week continued work on a conference committee report for the budget bill (H...more
Legislators this week continued budget negotiations and acted on various bills. Budget Negotiations Budget negotiators this week continued work on a conference committee report for the budget bill (H 259). Legislative leaders...more
Minnesota’s Governor has indicated he will sign an adult use cannabis legalization bill. HF 100 (the “Final Bill”) emerged from reconciliation and was passed on May 19th The Final Bill combines Minnesota’s existing medical...more
Legislators considered dozens of policy bills this week in advance of the May 4 crossover deadline (the date by which policy bills must pass one chamber to remain eligible)....more
Senators began working on the budget bill this week and members considered bills on many topics. Given the approach of the May 4 crossover deadline (the date by which policy bills must pass one chamber to remain eligible),...more
FDA warning letters are nothing new in the cannabis industry. In fact, we here at Budding Trends have covered this topic a number of times (here, here, and here). Not resigned to playing the hits, however, the FDA issued a...more
Over 50 years ago President Nixon declared a “War on Drugs,” leaving housewives over the country proclaiming marijuana to be the devil’s lettuce and urging sweet Billy to steer clear of the gateway drug...more
The United States Supreme Court once famously wrote that “[l]iberty finds no refuge in a jurisprudence of doubt.” There is perhaps no area of the law where doubt rules more than the cannabis industry, and perhaps no corner of...more
Legislators began considering bills this week as the summer session moved into its second week. Senate Health Care Bill Republican Senate leaders unveiled a health care bill (H 149) this week that includes expanding Medicaid...more
On May 19, 2022, the U.S. Circuit Court of Appeals for the Ninth Circuit issued an opinion holding that Delta-8 THC products are legal at the federal level and eligible for intellectual property protection...more
The decriminalization of cannabis in some states, and its partial decriminalization at the federal level, has created an explosive market for cannabis itself and the myriad chemicals that compose the plant. The 2018 Farm Bill...more
Texas’s cannabis industry can breathe a momentary sigh of relief. Delta-8 THC, the increasingly popular hemp-derived cannabinoid that produces effects similar to Delta-9 THC, has been removed from Texas’s list of Schedule I...more
The trend toward state-level legalization of cannabis has led to a surge in cannabis-derived products and a continually evolving market with many types of cannabis products for people as well as their pets. Analysts predict...more
Marketed as a legal way to get stoned, Delta-8 products have been hitting the shelves of gas stations and smoke shops nationwide. But how can a product that purportedly gets users high escape federal and state regulation? ...more
The cannabis industry is growing in leaps and bounds, but entrepreneurs interested in developing cannabis companies – as well as business people interested in investing in them – must make certain that they know what they are...more
It is relatively easy for investors to make investments in cannabis companies. Given the risks, however, they would be well-advised to have an exit plan in the event their investment does not live up to their expectations....more
The 2018 Farm Bill made waves in the cannabis industry by descheduling some cannabis products from the Controlled Substances Act for the first time. While the bill removed restrictions under federal law, it also encouraged...more
The highly anticipate North Carolina Farm Act, Senate bill 315, was recently signed by the Governor. However, all reference to updating the state’s industrial hemp program was removed from the final version, leaving the...more
Part III - This article is the third in a three-part series discussing the United States Department of Agriculture’s (USDA) Interim Final Rule on the establishment of a domestic hemp production program recently published in...more
Part I - On Thursday, October 31, 2019, the United States Department of Agriculture (USDA), Agriculture Marketing Service (AMS) published an interim final rule (Rule) on domestic hemp production in the Federal Register....more