This Week in Cannabis and Hemp: Key Industry Updates
Stay updated with the latest news in the cannabis and hemp industries. From the Biden administration's move to reclassify marijuana to California's crackdown on illegal cannabis operations, and the progression of the SAFER Banking Act, these developments are shaping the future landscape. The upcoming 2024 Farm Bill and state-level hemp regulations promise significant changes for both sectors.
Transformative Shifts in Cannabis Policy: Federal Rescheduling, Banking Reforms, and State-Level Legalization
Recent changes in cannabis policy signal significant shifts at both the federal and state levels, impacting the cannabis and hemp industries. The Biden administration's move to reclassify cannabis as a Schedule III substance, progress with the SAFER Banking Act, and various state-level legalization efforts are central to these developments. Additionally, the hemp industry is poised for change with the upcoming 2024 Farm Bill.
House Farm Bill 2024: Major Wins and Looming Threats for the Hemp Industry
The House Agriculture Committee's 2024 Farm Bill includes significant wins for the hemp industry, such as reduced regulatory burdens and expanded lab accreditations. However, a potential amendment threatens to ban all hemp products with detectable THC levels, risking the future of non-intoxicating CBD products. Stay informed and ready to act against harmful changes.