MJBiz - March/April 2024 - 29

After the 2018 Farm Bill
unintentionally legalized
intoxicating hemp-derived
cannabinoids, savvy hemp
operators created a booming
market for those products. That
market could come to a halt
if Congress closes loopholes
for existing hemp-derived
cannabinoid businesses in the
Farm Bill slated to pass this
year. Here's what you need
to know about the current
and future hemp-derived
cannabinoid market:
* Many state-licensed marijuana
operators deride hempderived
cannabinoid products,
citing an uneven playing field
for regulations and taxes-but
a few regulated companies are
jumping into that market.
* Entrepreneurs also have
embraced a legal market
for THCA-the cannabinoid
that becomes THC when
combusted-in states such as
Texas and Wisconsin, which
don't have regulated markets
for high-THC marijuana. The
result is a market where highTHC
cannabis legally retails
under the cover of THCA.
* In response to the surge in
intoxicating hemp-derived
cannabinoids, many states
are stringently regulating or
outright banning them.
* Because of its loose
regulations and booming
hemp-derived cannabinoid
market, Texas is looked upon
by many industry stakeholders
as a blueprint for potential
federal regulation of hempderived
cannabinoids.
* If Congress curtails the
market for hemp-derived
cannabinoids when it passes
a new Farm Bill, possibly this
year, the question becomes
who will enforce restrictions
and whether they will have
more success than states
or federal law enforcement
have had shutting down illicit
marijuana operators.
mjbizdaily.com | March-April 2024 29
http://www.mjbizdaily.com

MJBiz - March/April 2024

Table of Contents for the Digital Edition of MJBiz - March/April 2024

MJBiz - March/April 2024 - Cover1
MJBiz - March/April 2024 - Cover2
MJBiz - March/April 2024 - 3
MJBiz - March/April 2024 - 4
MJBiz - March/April 2024 - 5
MJBiz - March/April 2024 - 6
MJBiz - March/April 2024 - 7
MJBiz - March/April 2024 - 8
MJBiz - March/April 2024 - 9
MJBiz - March/April 2024 - 10
MJBiz - March/April 2024 - 11
MJBiz - March/April 2024 - 12
MJBiz - March/April 2024 - 13
MJBiz - March/April 2024 - 14
MJBiz - March/April 2024 - 15
MJBiz - March/April 2024 - 16
MJBiz - March/April 2024 - 17
MJBiz - March/April 2024 - 18
MJBiz - March/April 2024 - 19
MJBiz - March/April 2024 - 20
MJBiz - March/April 2024 - 21
MJBiz - March/April 2024 - 22
MJBiz - March/April 2024 - 23
MJBiz - March/April 2024 - 24
MJBiz - March/April 2024 - 25
MJBiz - March/April 2024 - 26
MJBiz - March/April 2024 - 27
MJBiz - March/April 2024 - 28
MJBiz - March/April 2024 - 29
MJBiz - March/April 2024 - 30
MJBiz - March/April 2024 - 31
MJBiz - March/April 2024 - 32
MJBiz - March/April 2024 - 33
MJBiz - March/April 2024 - 34
MJBiz - March/April 2024 - 35
MJBiz - March/April 2024 - 36
MJBiz - March/April 2024 - 37
MJBiz - March/April 2024 - 38
MJBiz - March/April 2024 - 39
MJBiz - March/April 2024 - 40
MJBiz - March/April 2024 - 41
MJBiz - March/April 2024 - 42
MJBiz - March/April 2024 - 43
MJBiz - March/April 2024 - 44
MJBiz - March/April 2024 - 45
MJBiz - March/April 2024 - 46
MJBiz - March/April 2024 - 47
MJBiz - March/April 2024 - 48
MJBiz - March/April 2024 - 49
MJBiz - March/April 2024 - 50
MJBiz - March/April 2024 - Cover3
MJBiz - March/April 2024 - Cover4
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https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-april-2021
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