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Tag: hemp industry

  • Ban hemp or cancel Thanksgiving? New THC law proves Congress is broken | Opinion

    The lawmaking and budgeting process in Congress is so warped that we expect the federal government to be on the brink of shutdown or worse. Cue the eye-rolling, blame games and the old saw about how “progress” is the opposite of “Congress.”

    But every now and then, lawmakers find a new way to remind us how poorly they’re doing. In this week’s deal to end the longest federal shutdown on record, it’s an out-of-nowhere measure that would effectively end the hemp industry.

    You weren’t aware we were debating cannabis policy at such a high-stakes level? That’s because we weren’t. A THC product ban was tacked onto the bill to extend federal spending at the last minute, undoing a provision in the 2018 farm bill that, admittedly, wasn’t itself a glimmering example of fine legislating.

    Those determined to ban THC, the psychoactive element in cannabis, put a metaphorical gun to the heads of Thanksgiving travelers, food-assistance recipients and federal employees, threatening to extend the shutdown if they didn’t get their way on a totally unrelated provision.

    It’s a sloppy way to make policy. It diminishes input from interested citizens, activists and businesspeople.

    Flowers of hemp plants that contain less that 0.3 percent tetrahydrocannabinol (THC) the primary psychoactive substance in marijuana.
    Flowers of hemp plants that contain less that 0.3 percent tetrahydrocannabinol (THC) the primary psychoactive substance in marijuana. Graham Stokes/Ohio Capital Journal

    And it’s a recipe for uncertainty and lawsuits. Products with more than 0.4% by weight of THC will be banned, shuttering an industry that does $8 billion in business in Texas alone. The change would take effect in a year, and industry lawyers are probably already hard at work on injunction requests.

    Contrast what happened in Washington with a similar battle in Austin this year. Lt. Gov. Dan Patrick and many Republican lawmakers wanted a strict ban on THC products, to the point that the Legislature passed a bill in its regular session. Gov. Greg Abbott was on the other side. He argued for a regulatory framework that would keep some items on the market for adults but curtail major doses and make it harder for children to get it.

    A special session didn’t yield a solution. Unless the federal end-run remains in place and Texas need not legislate its own rules, the issue will no doubt be front and center in 2027.

    Wherever you fall on the issue, surely you recognize that that’s a better, more democratic way of doing business.

    We’re not naive about lawmaking. It’s a rough game, and most of those who play it care more about the result than making sure the process is open and fair.

    But maneuvers like this erode trust in government — which, if you haven’t noticed, already polls about as highly as Dallas Cowboys fans’ hopes of reaching the Super Bowl. To have a major policy enacted merely because it will stave off an unrelated disaster undermines confidence that our laws derive from thoughtful consideration or even from the consent of the governed.

    Cannabis is a broad area of policy that benefits from various levels of regulation so that we can figure out what approaches work best. We side with Texas Sen. Ted Cruz, who bucked most of his fellow Republicans and voted against the new ban on the principle that states should be able to enact their own regulations.

    What makes sense for Colorado or New York, where full-blown legalization of recreational marijuana is showing some major downsides, is not necessarily the path Texas will go down. But Texas’ libertarian streak is just strong enough that many believe responsible adults should have access to THC products, particularly if they need help with pain management or traumatic stress.

    That’s the kind of policy-lab environment that we could have, if Congress did its job remotely as intended. Today, it’s hemp; tomorrow, it could be gun policy, abortion or any number of fraught issues that a fractured society should debate out in the open.

    If the choice is between a particular ransom demand or grounding American air travel, there’s no choice at all. And that’s not why we have representative democracy in the first place.

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  • Federal legislation could ‘devastate’ Florida’s hemp industry



    Credit: Shutterstock

    Florida’s multi-billion dollar hemp industry is in jeopardy of collapsing due to federal legislation approved by the U.S. Senate on Monday night, and both proponents and critics are only now grasping the significance of what is at stake.

    As part of the “continuing resolution” to reopen the federal government, the Senate has passed a measure that, according to a Senate Appropriations Committee bill summary, “Prevents the unregulated sale of intoxicating hemp-based or hemp-derived products, including Delta-8, from being sold online, in gas stations, and corner stores, while preserving CBD and industrial hemp products.”

    If approved by the House of Representatives later this week and then signed by the president, the measure would go into effect in 365 days.

    “Everyone in the hemp industry knew the government would eventually close or tighten the loophole, but I think many felt that there would be some form of working with the industry to effectively regulate,” says Zack Kobrin, a Fort Lauderdale attorney with the firm of Saul Ewing who works in the hemp and cannabis industry.

    “The reaction from many is that they are surprised it was such a sudden and sweeping measure. I think for those that are cowboys, they will just maximize on making as much as they can until they can’t. I think for those hemp operators that were trying to work with regulators and trying to follow the rules, this will be a real blow.”

    ‘Big Cannabis’

    Carlos Hermida, who runs two hemp shops in the Tampa Bay area, alleges that the alcohol and cannabis industries were successful in getting Congress to enact the legislation.

    “It’s abundantly clear that the American Distilled Spirits Alliance, Beer Institute, Distilled Spirits Council of the U.S., Wine America, and Wine Institute — Big Alcohol combined with Big Cannabis, such as Trulieve & Curaleaf — have spent ridiculous amounts of money on lobbying to put tens of thousands of small business owners like myself out of the hemp industry for their own bottom line,” he said in a text message.

    “The most un-American thing about all of this is the move towards total market control by a few rather than competition. Money in politics is destroying every aspect of commerce.”

    Total sales from hemp businesses in Florida run in the billions of dollars, according to a 2023 analysis from Whitney Economics. That report said the industry employs approximately 104,000 workers earning in excess of $3.6 billion in annual wages.

    That’s led in part to a growing rivalry between the hemp and cannabis industries in Florida that was exposed last year, after members of the hemp industry contributed financially to groups working to defeat a proposed constitutional amendment that would have legalized recreational cannabis in the state. A request for comment from Trulieve, the state’s biggest medical cannabis operator, was not returned.

    When news of the proposal surfaced last month, Cornbread Hemp co-founder Jim Higdon urged Florida’s congressional delegation to defend Florida’s hemp economy.

    “Florida’s hemp market supports thousands of jobs, from growers to beverage distributors,” he said in a press release on Oct. 6. “Banning hemp products would devastate that progress. We ask Florida’s congressional delegation to protect this legitimate, regulated industry that Floridians overwhelmingly support.”

    Florida lawmakers passed a measure during the 2024 legislative session that would have banned the sale of Delta-8 and imposed regulations on other intoxicating hemp-derived products, a measure described by Kobrin at the time  as “a massive blow to the industry.”

    However, it was vetoed by Gov. Ron DeSantis.

    Anti-drug organizations in Florida are hailing the vote in the U.S. Senate.

    “I’m extremely excited that they’re closing the loophole, because this has been going on since 2018 when the farm bill was first passed and left this gaping loophole where these products came in under the radar, and they’re proliferating in gas stations, smoke shops, convenience stores, and now I’m seeing in Circle K, specifically the THC beverages,” says Ellen Snelling with the Hillsborough County Anti-Drug Alliance.

    “They’re everywhere, and I feel like they’re trying to normalize this hemp-THC, all because of a loophole.”

    Snelling remains concerned, though, because if even the measure is signed into law by President Trump, it won’t take effect for another year.

    “That’s a long time, because we’re still seeing children and adults going to the emergency room after ingesting these products, so I would like to see the state address it because even though they have some regulations in Florida, I don’t think they’re strong enough, because I’m still seeing very high-THC products in gas stations and convenience stores,” she said.

    While Florida has not restricted hemp-derived THC products, Delta-8 THC has been banned in 17 states and severely restricted in seven more, according to the National Cannabis Industry Association.

    The Legislature returned to Tallahassee earlier this year to once again tackle the issue. Speaker of the House Daniel Perez created a “combined workgroup” on hemp consisting of 24 members from two separate committees chaired by Rep. Michelle Salzman, R-Escambia County, that convened during the first week of the 2025 legislative session.

    Members concluded after meeting three times that they did not want to pass any legislation that would kill what has become a billion-dollar-plus industry in the state, but they also agreed they needed to implement more regulations on the product.

    However, unlike the 2024 session, they failed to produce any final bill for consideration, as there were significant differences between the House and Senate versions.

    A state bill on hemp in 2026?

    Salzman weighed in on the federal legislation Tuesday.

    “I’m encouraged to see the Senate include hemp-related language as this bill moves to the U.S. House,” Salzman wrote on X. “My focus has always been on commonsense safeguards that protect Americans while supporting responsible industry. This is another step in that ongoing conversation, and I look forward to continued collaboration as the process moves forward.”

    The Florida Department of Agriculture and Consumer Services has conducted inspections of hemp retailers and manufacturers across the state this year to ensure compliance with child-protection standards for hemp products. A spokesperson for the agency declined to comment on the pending federal legislation.

    Last month, 38 attorneys general from both political parties sent a letter to the Senate and House appropriation chairs calling on Congress to clarify the 2018 U.S. farm bill’s definition of hemp “to ensure intoxicating THC products are taken off the market.”

    Florida Attorney General James Uthmeier was not among them.

    Kentucky U.S. Republican Sen. Rand Paul filed an amendment Monday to the continuing resolution package that would have stripped the hemp language, but it failed on a 76-24 vote.

    Florida Phoenix is part of States Newsroom, a nonprofit news network supported by grants and a coalition of donors as a 501c(3) public charity. Contact Michael Moline for questions: info@floridaphoenix.com. Follow Florida Phoenix on Facebook and Twitter.


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    Donald Rupe cited more than 30 canceled performances and hundreds of thousands of dollars in lost revenue

    A new café is set to fuel Orlando while supporting local artists in the historic downtown building

    The U.S. House is expected to vote on the funding deal to reopen the federal government this week.





    Mitch Perry, Florida Phoenix
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  • Global CBD Market to Hit $36B Over Next Decade, Report Predicts | High Times

    Global CBD Market to Hit $36B Over Next Decade, Report Predicts | High Times

    The popularity of CBD and other hemp-derived compounds continues to surge in terms of sales. A new report predicts that the CBD market is poised to surpass $36 billion dollars by 2033.

    According to market.us, the global Cannabidiol Market Size was valued at $7.6 billion in 2023 and is predicted to reach approximately $36.6 billion by 2033. During the period ranging from 2024 to 2033, it is projected to undergo the highest Compound Annual Growth Rate (CAGR) of 17.5%.

    “The cannabidiol (CBD) industry has witnessed remarkable growth driven by several key factors,” market.us announced in a press release. “Legalization and regulatory changes have removed barriers, allowing for the cultivation and sale of hemp-derived CBD products. Consumer awareness has surged with increasing recognition of CBD’s potential health benefits, contributing to a growing demand for CBD products. Medical acceptance, backed by research on CBD’s therapeutic properties, has further propelled its adoption. The industry’s diverse product offerings, ranging from oils to edibles, cater to varied consumer preferences, fostering market expansion. Accessibility through various distribution channels and retail outlets has played a crucial role in making CBD products widely available.”

    Beyond legislative changes, CBD is growing in popularity, driven by the changes in the way it’s perceived.

    “Additionally, the CBD industry has benefited from investment influx, supporting research, development, and marketing efforts. Changing attitudes toward cannabis, coupled with the globalization of the market, have expanded opportunities on a global scale. The industry’s response to quality concerns, with the establishment of standards and certification, has enhanced consumer confidence. Despite the growth, challenges such as regulatory uncertainties and quality control issues persist, influencing the industry’s trajectory. Ongoing developments in regulations and market dynamics will continue to shape the future of the CBD industry.

    The report provided six main takeaways to sum up their predictions in a nutshell:

    • Market Growth: The global cannabidiol (CBD) market reached USD 7.6 billion in 2023 and is projected to surge to approximately USD 36.6 billion by 2033, with a remarkable CAGR of 17.5% during 2024-2033.
    • Product Types: CBD oil is the most dominant product type, with a market share of over 30%, largely due to its effectiveness in managing chronic pain.
    • Source: Hemp represents the most lucrative segment, accounting for over 63.2% of the market, driven by the fact that hemp contains high levels of CBD and very low levels of THC (tetrahydrocannabinol), which is the psychoactive compound responsible for the “high” associated with marijuana.
    • Sales Type: B2B holds the largest market share (55.1%) as the B2B transactions typically involve larger quantities of products or services compared to B2C. The segment is also expected to grow in the future as demand for CBD as a raw material is anticipated to increase.
    • End-Use: Pharmaceuticals represent the most lucrative segment, accounting for over 37.2% of the market, driven by CBD’s neuroprotective and pain-relieving properties.
    • Regional Dominance: North America leads the market, holding a 60% market share, with Europe and Asia-Pacific showing emerging demand.

    North America is the world’s largest CBD market, comprising 72.1% market share during the forecast period. This is mostly due to the loosening of regulations on CBD products in countries like the U.S. and Canada. Consumer preferences continue to evolve, as the food, pharmaceutical, and This could change soon however, the report notes, as North America’s dominance could soon be challenged by Europe. 

    In the Asia Pacific region—covering China, Japan, and India—there is a notable growth in the CBD market, partly due to recent changes in law. The increasing demand for CBD products and continual changes in the legal status and acceptance leads to significant opportunities, the report reads.

    The hemp sector emerges as the most profitable CBD-related market, commanding a robust 63.2% share of the global CBD market as of 2023. 

    A full copy of the report in PDF is available for download here.

    Aligning with Other Reports

    The hemp and CBD markets generally overlap, and other reports predict a similar rise in hemp sales, driven in part by CBD.

    A report in December 2022 arrived at similar predictions. In the “Global Hemp Market by Type” report from Research and Markets, which analyzed the numerous applications of hemp as a textile, food item, construction material, and more, a surge in hemp products is predicted. 

    The report projects that the next five years will see the industry’s compound annual growth rate (CAGR) of 21.6%, suggesting that this percentage will rise because many other countries have legalized industrial hemp, or will do so in the near future.

    Given that hemp accounts as the origin of over 60% of CBD products, the rise in sales are interconnected.

    Benjamin M. Adams

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