03.07.2025
Sausage casings bulletin, March 7, 2025

Runner market commentary
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The cannabis industry is not monolithic, with distinct interests on either side of the THC regulatory divide. Marijuana stakeholders resent the regulatory advantage that hemp operators have. Intoxicants like delta-8 THC are far more profitable than highly regulated and specially taxed flower or delta-9 THC type extracts. Some states are regulating and taxing hemp-derived cannabinoids, but others are taking a laissez-faire approach to this product category.
In active state cannabis markets like California, Oregon, and Colorado, delta-8 THC faced far stronger headwinds than states with no legal marijuana markets. Even smokable hemp saw early aggressive pushback by cannabis lobby in California, a product with no purported intoxicating benefits.