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Washington Lawmakers Propose Higher Tax For High-Potency Cannabis

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Washington state legislators are contemplating a new "dank tax" for cannabis products based on the percentage of THC in those items. As first reported by High Times , lawmakers want to institute this new tiered sales taxation system to help prevent what they characterize as a quickly developing "crisis" in the world of highly concentrated THC products. In an interview with station KXLY , Washington state House Rep. Lauren Davis, one of the bill's sponsors, said, "Research indicates that between 12% and 50% of psychotic disorders could be prevented if high potency cannabis products were not available. If we fail to act now to counter the emerging public health crisis created by high-potency cannabis products, we will soon have another epidemic on our hands." House Bill 1641 would adjust the current taxation model as follows: Cannabis items containing a THC concentration of less than 35% would be taxed at the current 37% sales tax rate. Items with a TH...

FDA Under Investigation For Lack Of Action On CBD - Nothingbuthemp

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The regulatory agency has recently come under fire for failing to enact regulations regarding CBD and other hemp-derived products. In a recent interview with the U.S. Hemp Roundtable, Rep. James Comer (R-KY), the new chairman of the House Oversight and Accountability Committee, announced he would be opening an investigation of the U.S. Food and Drug Administration’s handling of its regulatory jurisdiction of CBD and other hemp-derived products. According to multiple news outlets , Comer has said he will bring FDA Commissioner Robert Califf and other high-ranking FDA officials before the committee to answer for the agency’s lack of action concerning implementing regulations for hemp-derived products like CBD. In addition, Comer, who helped pass the 2018 Farm Bill, which made hemp and hemp products legal once again at the federal level, is also seeking answers as to why the FDA has let other areas of its jurisdiction lapse from a regulatory perspective as well.        ...

Cannabis Companies Build Brand Loyalty By Selling Seeds

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There is a new and somewhat unexpected trend in the cannabis industry - selling seeds directly to consumers. As first reported by mjbizdaily , marijuana companies have begun selling seeds to their customers for home cultivation thanks to a change in federal policy. At first glance, this may seem like an illogical and unwise business move for cannabis companies. However, for many of those businesses, selling seeds could turn out to be a highly profitable business move. Others view it as a means to develop strong brand loyalty and share successful plant genetics. One of those innovative entrepreneurs is ​​Carl Giannone, co-founder of Trade Roots, a marijuana company based in Wareham, Massachusetts. He recently began selling seeds directly to consumers for the same reason a farmer might sell fruit and vegetable seeds to customers at a farmers' market. He says, "Everybody who's got a home garden during the spring and summer grows tomatoes. But 98% of the tomatoes they buy are ...