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| 1 minute read

States are stemming Delta-8 THC's stride.

Following up on a Cannabis Musings note from a few weeks ago (link) about the tenuous argument that hemp-derived Delta-8 THC was somehow legalized by the 2018 Farm Bill, Hemp Industry Daily posted an article earlier this week highlighting efforts in a number of states to ban or regulate hemp-derived Delta-8 THC. (link) The hemp industry has taken advantage of the 2018 Farm Bill’s ambiguity to foster production of the substance, resulting in its widespread addition to foods and beverages, and sale in traditional retail outlets (i.e., not licensed dispensaries, all under the guise of purported legality. As the article shows, states seem to be recognizing the risk of allowing the sale of a psychoactive product to continue unchecked and unregulated. Hemp has survived this long – I suspect it will also survive the loss of Delta-8 THC.

Speaking of THC in beverages, the industry saw another move by beer companies into the space with the announcement by The Tinley Beverage Co. about a new partnership with Pabst Labs to develop a THC-infused root beer. (link) This isn’t Pabst’s first foray into THC beverages (link), and this announcement stands as more evidence that the pivot of mainstream consumer products companies into cannabis is already here. (link) Frank Booth wasn’t available for comment.

Finally, it makes me happy that people are finding ways to combine cannabis and NFTs. (link; link)

Tags

cannabis, farm bill 2018, delta-8 thc, thc, nfts, nft

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