Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. Pacer International (PACR) Message Board

420 with CNW — Senators Say DEA Rule on THC Cont

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 25
(Total Views: 225)
Posted On: 10/29/2020 5:11:55 PM
Avatar
Posted By: NetworkNewsWire
420 with CNW — Senators Say DEA Rule on THC Content of Hemp Contravenes Congressional Intent

In August, the Drug Enforcement Administration (“DEA”) unveiled proposed rules that would officially put the agency in line with the 2018 farm bill. The legislation legalized the cultivation and sale of industrial hemp and its extracts, allowing farmers across the country to grow hemp under state and tribal programs. However, the federal agency’s interim final rule on hemp has been met with resistance from activists who argue it contradicts the 2018 farm bill and will hamper the growth of the nascent hemp industry.

Last week, a pair of Oregon senators sent a letter to the DEA demanding changes to its proposed hemp regulations. Senators Ron Wyden and Jeff Merkley say that despite the DEA’s claim that its interim final rule (IFR) is only about compliance, the proposal “does significantly more.”

“The IFR treats hemp as a Schedule I controlled substance at any point its THC content exceeds 0.3% THC,” they write. Delta-9 THC is the main component responsible for cannabis’s psychoactive effects, and the 2018 farm bill requires that legal hemp has less than 0.3% delta-9 THC. “However, when Congress passed the 2018 farm bill, we understood that the intermediate stages of hemp processing can cause hemp extracts to temporarily exceed 0.3% THC, which is why we defined hemp based on its delta-9 THC level.

“In effect, the IFR criminalizes the intermediate steps of hemp processing, which is wholly inconsistent with Congress’s clearly stated purpose and text of the 2018 Farm Bill,” the letter continued.

According to the DEA’s proposed rules, businesses that produce hemp products may find themselves breaking the law, and they could be subject to enforcement actions if THC levels increase beyond 0.3%, even temporarily. Additionally, the DEA’s regulation states that all “synthetically derived tetrahydrocannabinols remain schedule I controlled substances,” locking out delta-8 THC. Delta-8 THC is converted from CBD through the use of a catalyst, a process that could be interpreted as a synthetic production process, making delta-8 THC illegal.

This is the second time the DEA has received a congressional request concerning its interim final rule on hemp. On October 20, nine members of Congress also sent a letter to the agency urging it to revise its proposed hemp regulations. Led by Reps David Joyce and Denver Riggleman, the members of Congress argued that the DEA’s provision which stated that “any such material that contains greater than 0.3% of delta-9 THC on a dry weight basis remains controlled in Schedule I.

“Our offices have received countless calls from constituents involved in the hemp industry who are extremely fearful that simply following the provisions of the Farm Bill will result in criminal liability under the IFR,” the letter continues. “The IFR will likely have the effect of inhibiting these nascent state hemp programs, thereby harming those American companies and workers who chose to pursue careers in the hemp industry and made significant investments to effectuate those aspirations.”

Pac Roots Cannabis Corp. (CSE: PACR) is an interesting company you should watch in the marijuana industry. The company focuses on using high-end and selectively bred genetics to produce premium marijuana products.

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer


(0)
(0)




Pacer International (PACR) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  






Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us