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…

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05.02.2024

UCO, heating oil spread widens

UCO, heating oil spread widens

Yellow grease traded as low as 34 cents per lb delivered Carolinas on Thursday May 2, with additional volume heard at 36 cents per lb. Despite the decrease, offers...

05.02.2024

US animal protein prices flat to lower amid light trading

US animal protein prices flat to lower amid light trading

US animal protein prices were steady to lower on Thursday May 2 amid reportedly limited trading, with multiple market participants traveling to the Petfood Forum in Kansas City, Missouri,...

05.02.2024

International animal fats and oils, May 2 2024

International animal fats and oils, May 2 2024

Trade was slow in Europe in the week to Thursday May 2, with animal fats prices showing no change, while the vegetable oil and used cooking oil (UCO) sectors...

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