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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11.21.2024
Domestic US biodiesel blending helps lift October RFS RIN production
US domestic biodiesel blending of 147.5 million gallons in October produced a monthly high of 221.2 million renewable identification number (RIN) credits for January-October. This was 11.5% above September...
11.21.2024
CWG trades lower as broader animal fats markets hold steady
The US animal fats and oils markets held steady on Thursday November 21, with limited trading as attention shifted toward broader macroeconomic factors and...
11.21.2024
October commercial cattle, hog production above 2023
US animal protein prices were steady on Thursday November 21. Limited trade was reported from market sources due to the proximity of the extended Thanksgiving holiday weekend in the...