Last Week’s Hemp Commentary 

California Shelves CBD Policy

News that California’s CBD legislation did not move forward is unfortunate for the segment.  California would have joined a handful of states that include Virginia, Florida, and Colorado that have explicitly allowed for CBD in dietary supplements, as well as food and beverage.  Attempts at legislation were deferred last fall and renewed recently with an amendment that would both allow CBD to be incorporated into the above products, and also regulate the industry there. Currently a full range of CBD products are widely sold in the state, without any oversight or safety testing like one sees in Florida.  

Other cannabis policy advanced in their legislative session, providing tax relief and certainty to that industry.  California has realized over $1 billion in taxes assessed on MJ since their…