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Showing posts from December, 2022

The Year In Hemp For 2022: The Decline of CBD - Nothingbuthemp

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This year witnessed the continued decline in CBD's fortunes, leaving many insiders wondering where the industry goes from here. Once the darling of the hemp industry, CBD is still experiencing a breathtaking economic fall, with supplies far exceeding demand for the hemp-derived oil seen by many as a transformative and healing ointment. The truth is that since hemp was rescheduled as legal once again by the 2018 Farm Bill, the industry has been overtaken by "charlatans" and speculators more interested in exploiting the unique and still vastly misunderstood plant for quick monetary gains.      In their race to amass as much money from the "CBD craze" as possible, the financial sharks overwhelmed and bullied those more concerned with a longer-term view of how to maximize hemp's potential as an agricultural product capable of providing food, construction raw materials and a wide array of health and wellness offerings. As a result, analysts and stock market infl...

MN Board of Pharmacy Cracks Down On Renegade Edible Makers - Nothingbuthemp

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The regulatory body enforcing Minnesota's newly amended law enabling the sale of hemp-derived THC edibles brings suit against three manufacturers. As first reported by St. Paul's Fox 9 News , the Minnesota Board of Pharmacy has filed a lawsuit against three Moorhead-based companies (Northland Vapor Moorhead, LLC, Northland Vapor Bemidji, LLC, and Wonky Confections, LLC) for manufacturing and selling THC edibles that allegedly sickened five teenagers in Iowa. This action marks the first time the Board has utilized the recently amended MN law, enabling the manufacture and sale of food and beverage products containing hemp-derived THC (Delta-9) , to bring suit against a manufacturer violating its tenets.     The case began with officials at the U.S. Food and Drug Administration (FDA) tipping off regulators following several complaints, including the five high school students in Des Moines who fell ill after consuming one-half to two full gummy edibles. Regulators are accusing No...

Utah Officials Seek Better Regulations For Delta-8 And Other Synthetics - Nothingbuthemp

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Regulators of the state’s medical marijuana program intend to curb the use of the controversial cannabinoids significantly. At the urging of patient advocates, product manufacturers and researchers, the state has formally initiated the process of creating more thorough guidelines for governing the presence of delta-8 THC and other synthetics allowed in its medical marijuana program, according to recent news reports . Utah voters voted to legalize its MMJ market in 2018. However, prior to its launch in 2020, the state legislature and then-governor Gary Hebert (R) made “tweaks” allowing for “THC analogs” in edible products, vape cartridges and other offerings sold in state-licensed pharmacies.     By definition, an analog is “any substance that is structurally or pharmacologically similar to, or is represented as being similar to, delta-9-THC .” This language of the law has allowed medical marijuana pharmacies in Utah to legally sell items containing the controversial delta-8 T...