California hemp operators are bracing for Gov. Gavin Newsom’s emergency ban on hemp, set to take effect on Thursday September 19. The bill targets the sale of intoxicating hemp cannabinoids, which have proliferated in the wake of the 2018 Farm Bill.
Newsom said the following in a September 6 release:
“We will not sit on our hands as drug peddlers target our children with dangerous and unregulated hemp products containing THC at our retail stores. We’re taking action to close loopholes and increase enforcement to prevent children from accessing these dangerous hemp and cannabis products.”
California’s legal cannabis industry has long struggled with competition from black market operators, who are able to produce cannabis at a much lower cost, without the burden of government scrutiny and cannabis taxes.
Now, California cannabis companies are also competing with unregulated hemp products, which are much more widely…
12.20.2024
45z guidance fails to appear; government scrambles to pass spending bill
The US government spending bill failed twice in as many days. If a deal is not reached by midnight on Friday December 20, some federal services will...
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US animal fats and oils end week softer across the board ahead of holiday slowdown
Prices for US animal fats and oils ended the week on a lower note on Friday December 20, with most markets trending downward ahead of the upcoming holiday week,...
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December cattle on feed down on month, year
Most US animal protein prices were rangebound for the week, though in wider ranges due to the impending Christmas and New Year's holiday closures.
The only significant price...