Since the 2014 Farm Bill, close to almost 40 different U.S. states have passed some variation of law allowing the cultivation of industrial hemp within its borders. The recent surge in interest involved in medical benefits of the cannabinoid compound known as Cannabidiol, or CBD, has caused farmers to jump at the chance of growing the hemp plant because of the potential yield per acre.
Recently New Mexico, Arizona, Georgia, and Kansas have taken action on easing legislation in favor of CBD and the propagation of hemp.
Two different industrial hemp bills will take immediate effect in New Mexico after Justices on the New Mexico state Supreme Court upheld a lower court’s decision to strike down Republican Gov. Susana Martinez’s vetoes of a pair of hemp production bills.
Gov. Martinez had recently vetoed the two bills without an explanation which caused the states High Court to determine that the Governor had acted unconstitutionally by not provided an explanation along with her veto.
Republican Gov. Doug Ducey signed legislation, SB 1098, into law this month which will allow farmers to conduct a pilot program in conjunction with a licensed institution to research the “growth, cultivation, and marketing of industrial hemp.”
Passage of House Bill 65 permits patients with post-traumatic stress disorder and intractable pain to receive a doctors authorization to possess CBD oil.
Under the law,patients may possess up to 20 ounces of CBD-infused oils as long as they contain no more than five percent THC. The new law does not, however, provide for the licensed production of these products.
Republican Gov. Jeff Colyer has signed a new law that will amend the state’s criminal code to explicitly exempt cannabidiol from the definition of marijuana. Passage of Senate Bill 282 allows for the possession and retail sale of products containing CBD as long as they contain zero percent THC.
You may be interested
VividGro, a Pegasus Capital Advisors Portfolio Company, Announces Partnership with Merida Capital PartnersEditor - August 17, 2018
Partnership to Focus on Growth in Horticultural and Cannabis Industries VividGro, LLC, a portfolio company of private equity firm Pegasus Capital Advisors (Pegasus), today announced it has…
Harborside to Go Public Via Canadian Reverse Takeover in Deal Valued at C$200 MillionEditor - August 15, 2018
Harborside, a California based cannabis dispensary brand with multiple locations, is planning the reverse takeover of Canadian public company Lineage Grow Company Ltd. (CSE: BUDD). Lineage is…
The City of Los Angeles Has Begun Accepting Applications for Cannabis LicensesEditor - August 15, 2018
At the beginning of this month, the city of Los Angeles finally decided to start accepting license applications from cannabis growers, manufacturers, and testing labs. Although marijuana was…