Hemp Vs Cannabis

Colorado's cannabis industry is facing a steep decline in sales and tax revenue, falling to levels below 2018 figures. Tax collections from marijuana sales peaked at $424 million during the 2020-21 fiscal year but plummeted 41% to $248 million in 2023-24.  Hemp THC Sales Bypass Cannabis...

The hemp industry is at a crossroads as proposed changes in the 2024 Farm Bill threaten to reshape its regulatory landscape. Lawmakers are considering amendments that could ban products like delta-8 THC, a hemp-derived compound that has surged in popularity, especially in states where marijuana...

Senator Ron Wyden (D-OR) introduced the Cannabinoid Safety and Regulation Act (CSRA) on Wednesday, aiming to establish a federal framework for regulating hemp-derived cannabinoids like CBD and Delta-8 THC. The legislation seeks to protect public health by setting national standards on age...

A group of California parents and families with children suffering from rare and chronic diseases are evaluating a lawsuit against Governor Gavin Newsom, following his proposed emergency ruling to ban hemp products containing THC. The reason is that this new emergency ruling would also affect those...

If you’ve been following Benzinga lately, you know there's been plenty of action in what we call the Hemp vs. Cannabis national debate. Recent collisions include Florida, where hemp companies are backing the anti-cannabis legalization stance of Governor Ron DeSantis (R) and Missouri, where a...

As the hemp industry grapples with regulatory challenges, Whitney Economics has drastically cut its 2030 hemp acreage forecast. The revised projection now stands at just 1.0 million acres, a stark 82% reduction from earlier estimates. This significant cut could lead to nearly $3.1 billion in lost...