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Kansas City Royals Become Second Team to Sign CBD Sponsorship Deal - Nothingbuthemp

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The team's deal includes a brand activation experience where fans can learn about the benefits of CBD and other hemp-derived products while taking in a game. The Kansas City Royals organization is officially partnering up with a CBD company to promote the potential health benefits of the hemp-derived cannabinoid to its fans and supporters. According to numerous local and national media outlets , the deal between the Missouri-based MLB franchise and Pure Spectrum CBD, a producer of hemp-based cannabidiol products like oils and gummies, was announced this past Tuesday. The agreement makes the Royals the second Major League team to enter a business relationship with a CBD manufacturer, just two months after the Chicago Cubs inked a similar deal with the CBD sparkling beverage brand MYND DRINKS.        Likewise, both new partnerships come on the heels of a league-wide deal signed between MLB and Charlotte's Web Holdings , one of the largest and most well-known CBD comp...

Could CBD Become Classified as a Narcotic? - Nothingbuthemp

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With both sides of the Atlantic struggling to grapple with how to regulate the lucrative hemp-derived product, many governing bodies could take the easy way out and designate CBD as a drug. It has been five years since the U.S. Congress passed the 2018 Farm Bill , which delisted hemp from the Controlled Substances List . That simple act created a seismic event in the United States and across the globe. Farmers began to cultivate the plant at an accelerated rate, and innovative entrepreneurs took advantage of hemp's legal status to produce a remarkable number of hemp-derived products. One of those items, a favorite of alternative medicine advocates for decades, is CBD or Cannabidiol . Proponents of CBD extol its use for a wide range of health issues. Unfortunately, there is little empirical scientific proof of its efficacy in treating specific diseases or medical conditions. However, scientists have recently found strong evidence for the use of CBD in helping to combat some of the ...

FDA Inaction Concerning CBD Is Devastating the Hemp Market - Nothingbuthemp

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Industry experts cite the agency's refusal to establish regulatory guidelines for CBD as the leading cause for the sharp decrease in hemp cultivation and product manufacturing. According to a new study released by the U.S. Dept. of Agriculture (USDA), all is not well in the world of hemp. As first reported by Marijuana Moment , the USDA's National Hemp Report shows substantial decreases in the value and cultivation of hemp across every measurable metric analyzed for 2022. Much of the blame for the dramatic contraction in the industry is being laid at the feet of the Food and Drug Administration (FDA). Earlier this year, FDA officials released a statement saying that it would no longer be regulating products containing the hemp-derived cannabinoid CBD due to a lack of "credible scientific data" concerning the safety of CBD products.       Without that critical information, FDA said it would be unable to create health and safety guidelines for products containing the p...

American Pro Sports Leagues Embrace CBD And Cannabis - Nothingbuthemp

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The NBA and MLB are leading America's popular sports leagues in openly supporting hemp and marijuana products. In the not-too-distant past, associating professional sports organizations with plant medicines, like marijuana and hemp-derived CBD , would have been viewed as a calamitous detriment and by no means a positive for those vaunted leagues. Oh, how times and attitudes have changed. Last week, the National Basketball Association (NBA) and Major League Baseball made groundbreaking and historic announcements regarding new policies and ventures with companies in the hemp and cannabis industries.   According to multiple media outlets , the Chicago Cubs became the first MLB club to announce a new partnership with a CBD company last Friday. The team has reportedly inked a new marketing agreement with MYND DRINKS, a CBD sparkling beverage brand. Per the contractual arrangements, the company's products will be promoted via signage and "several in-game features" at the Cu...

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...