At the behest of the President, The Food and Drug Administration (FDA) – under the direction of Health and Human Services (HHS) – is carrying out an eight-step review into current MJ scheduling. Biden announced this in October 2022, along with mass pardons for federal MJ convictions.
Under the Controlled Substances Act (CSA), cannabis has long fallen under Schedule 1, the class of most dangerous drugs that include fentanyl and other opiates. This is hardly congruent with the current view of public health officials, physicians, the World Health Organization (WHO), and most of the electorate. Hemp has added tailwinds to shifting sentiments around cannabis, but billion-dollar state markets have provided steady trade winds.
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11.11.2024
Falling biodiesel margins lead to expectations for higher RINs, lower feedstock cost
Biodiesel margins continued to fall during the week ending Friday November 8, with rising feedstock cost pushing the soybean oil/heating oil (BOHO) spread to its highest level in more...
11.11.2024
DCO starts the week higher; hog slaughter increases slightly
Distillers’ corn oil (DCO) traded higher out of the FOB Midwest markets on Monday November 11 in what was otherwise a quiet market to start the week.
A...
11.11.2024
US cattle slaughter continues to fall behind 2023 levels
Trading was quiet in the US animal protein market on Monday November 11, with no price changes reported.
Cattle slaughter
Fastmarkets’ research team forecasts cattle slaughter at 625,000...