Restrictions, State Bans Threaten the Thriving Mar
Post# of 161
(Total Views: 85)
Posted On: 03/26/2025 4:42:52 PM
Restrictions, State Bans Threaten the Thriving Market for Hemp-Sourced Intoxicants
Legislators in states across the country are working towards strictly regulating and/or banning intoxicating hemp products. This comes as products with THC derived from hemp continue to proliferate the legal markets following the passage of the 2018 Farm Bill.
States like Arkansas, Tennessee and Montana are considering laws that would impose a compulsory third-party distribution model for hemp. The model is similar to the one used in the alcohol industry. These states are also considering prohibiting direct-to-consumer sales.
The state of Georgia is also considering imposing restrictions on synthetic THC like delta-10 and delta-8 THC and banning hemp drinks. Florida may impose restrictions on delta-8 THC derived from hemp as well as synthetic THC in general.
Texas, the biggest hemp market in the country because it has no access to legal marijuana, values its hemp market at about $8 billion with over 8,000 retailers selling hemp-derived THC operating in it.
Recently, the state’s Senate approved Senate Bill 3, which would ban THC and shut down these retailers. If the bill is signed into law, the sale of any product that contains THC derived from hemp shall be prohibited.
California has also extended its emergency rules which outlaw THC derived from hemp as concerns over the availability of intoxicating products that can be easily accessed by minors increase.
Some operators in the hemp industry believe the alcohol industry may be behind some of these restrictive laws, especially proposals on third-party distribution, as most young people are consuming less alcohol in favor of hemp/marijuana products. Cornbread Hemp co-founder, Jim Higdon, argues that this is step one in the alcohol industry’s plan to seize control of the hemp market.
Higdon and other hemp operators in Kentucky are urging Gov. Andy Beshear to veto a recently approved measure that would mandate 3rd party distribution, thereby eliminating direct-to-consumer sales.
The U.S. Hemp Roundtable’s counsel-in-charge Jonathan Miller notes that the industry is under fire from different sources, adding that some states may completely ban retail sales of hemp products. At the federal level, Congress is working towards approving a new Farm Bill that will limit the spread of these intoxicating products.
Different proposals have been tabled, including one by Senator Ron Wyden which would impose serving limits on hemp products and prohibit synthetic derivatives like delta-8 THC, while allowing legal hemp businesses to continue their operations. A separate proposal by Rep. Mary Miller would’ve prohibited most THC products derived from hemp, a move that may greatly affect legal hemp businesses.
Given that the proposed bans or restrictions could spread across the country, hemp companies like Software Effective Solutions Corp. (d/b/a MedCana) (OTC: SFWJ) may need to keep tabs on all regulatory developments at state and federal levels so that they aren’t caught by surprise if things change dramatically.
NOTE TO INVESTORS: The latest news and updates relating to Software Effective Solutions Corp. (d/b/a MedCana) (OTC: SFWJ) are available in the company’s newsroom at https://cnw.fm/SFWJ
Please see full terms of use and disclaimers on the HempWire website applicable to all content provided by HW, wherever published or re-published: https://www.HempWire.com/Disclaimer
Legislators in states across the country are working towards strictly regulating and/or banning intoxicating hemp products. This comes as products with THC derived from hemp continue to proliferate the legal markets following the passage of the 2018 Farm Bill.
States like Arkansas, Tennessee and Montana are considering laws that would impose a compulsory third-party distribution model for hemp. The model is similar to the one used in the alcohol industry. These states are also considering prohibiting direct-to-consumer sales.
The state of Georgia is also considering imposing restrictions on synthetic THC like delta-10 and delta-8 THC and banning hemp drinks. Florida may impose restrictions on delta-8 THC derived from hemp as well as synthetic THC in general.
Texas, the biggest hemp market in the country because it has no access to legal marijuana, values its hemp market at about $8 billion with over 8,000 retailers selling hemp-derived THC operating in it.
Recently, the state’s Senate approved Senate Bill 3, which would ban THC and shut down these retailers. If the bill is signed into law, the sale of any product that contains THC derived from hemp shall be prohibited.
California has also extended its emergency rules which outlaw THC derived from hemp as concerns over the availability of intoxicating products that can be easily accessed by minors increase.
Some operators in the hemp industry believe the alcohol industry may be behind some of these restrictive laws, especially proposals on third-party distribution, as most young people are consuming less alcohol in favor of hemp/marijuana products. Cornbread Hemp co-founder, Jim Higdon, argues that this is step one in the alcohol industry’s plan to seize control of the hemp market.
Higdon and other hemp operators in Kentucky are urging Gov. Andy Beshear to veto a recently approved measure that would mandate 3rd party distribution, thereby eliminating direct-to-consumer sales.
The U.S. Hemp Roundtable’s counsel-in-charge Jonathan Miller notes that the industry is under fire from different sources, adding that some states may completely ban retail sales of hemp products. At the federal level, Congress is working towards approving a new Farm Bill that will limit the spread of these intoxicating products.
Different proposals have been tabled, including one by Senator Ron Wyden which would impose serving limits on hemp products and prohibit synthetic derivatives like delta-8 THC, while allowing legal hemp businesses to continue their operations. A separate proposal by Rep. Mary Miller would’ve prohibited most THC products derived from hemp, a move that may greatly affect legal hemp businesses.
Given that the proposed bans or restrictions could spread across the country, hemp companies like Software Effective Solutions Corp. (d/b/a MedCana) (OTC: SFWJ) may need to keep tabs on all regulatory developments at state and federal levels so that they aren’t caught by surprise if things change dramatically.
NOTE TO INVESTORS: The latest news and updates relating to Software Effective Solutions Corp. (d/b/a MedCana) (OTC: SFWJ) are available in the company’s newsroom at https://cnw.fm/SFWJ
Please see full terms of use and disclaimers on the HempWire website applicable to all content provided by HW, wherever published or re-published: https://www.HempWire.com/Disclaimer
(0)
(0)