Weekly Hemp Recap

Weekly Hemp Recap

Last Week’s Hemp Commentary

Like the U.S., Europe Continues to Grapple with Cannabis Extracts

The regulatory status of cannabinoids in the EU is just as much a free-for-all as it is in the US.  Various states in the US oversee hemp-derived extracts and require safety testing, but other do not.  The FDA has also proven unable to develop CBD regulation, instead telling congress that cannabis extracts don’t fit into the current scope of FDA oversight. 

On both sides of the Atlantic, hemp stakeholders have tried to leverage existing policy to have hemp derivatives recognized under relevant categories. In the US, seeking “GRAS” status, or (generally recognized as safe) is a designation that eventually applied to hempseed, but not to cannabis extracts. 

Broadly speaking, products that have been used historically – and present no obvious signs of harm – qualify as GRAS.  In Europe, the Novel Foods characterization…

Membership is required to view the rest of this post.
Click here to learn more and sign up for a free 7-day trial!

Blog

04.19.2024

Reduced March RIN production not leading to higher RIN Prices

Reduced March RIN production not leading to higher RIN Prices

Total March biofuel RIN production was 1.9 billion RINs, which was 6% below February and 15% below December’s RIN output of 2.25 billion. December had the largest monthly production...

04.19.2024

CWG, YG higher on week, UCO, DCO down again

CWG, YG higher on week, UCO, DCO down again

The market was quiet heading into the weekend. Used cooking oil (UCO) traded in large volume into the Gulf at 40 cents per lb delivered in the truck market.

04.19.2024

Price pressure on ruminant and porcine items for the week

Price pressure on ruminant and porcine items for the week

Sloppy markets were reported for porcine and ruminant items at the close of week ending Friday April 19.

Wide ranges were witnessed on porcine bloodmeal (BM), with a...

Latest Tweets