Last week California’s Office of Administrative Law approved the ban instituted by Governor Gavin Newsom on THC in all hemp products. While announcing the ban, Newsom stated that lenient regulations had allowed minors to access these intoxicating products, which could be found in regulated cannabis stores as well as at retail locations such as gas stations.
In its directive, the office agreed with the governor, noting that the new regulations were an emergency.
The ban went into effect immediately after approval, meaning all hemp THC products are now illegal in the state of California. It prohibits retailers from selling popular products, including beverages with THC, as well as many medicinal products made with CBD. THC and CBD are the two primary compounds found in the cannabis plant. While THC induces a high when ingested, CBD does not.
This move by the governor effectively shuts down a popular product category in the state’s marijuana industry. Naturally, the hemp industry is against this move by the state’s government, arguing that the Newsom administration is abusing the regulation-making process to approve the THC ban.
Players in the industry add that banning THC will greatly affect medical patients who rely on the drug to manage various health conditions. Many families are already panic-buying hemp worth thousands of dollars in anticipation of a shortage in the market.
One medical doctor in Los Angeles, Bonni Goldstein, stated in a recent interview that the ban could leave at-risk patients sick or even dead if they aren’t able to purchase the drug.
Following Newsom’s announcement, the U.S. Hemp Roundtable pledged to challenge the regulations in court if they went into effect. In its statement, officials from the organization argued that the governor’s action violated both federal and state law. Under federal law, hemp is legal, following the passage of the 2018 Farm Bill.
The hemp business advocacy organization added that while it agreed that hemp products needed to be strongly regulated and kept from minors, the governor’s action to ban almost all hemp products was a stretch. In its argument, the Hemp Roundtable noted that adults needed to be able to purchase all adult products, with the same age, safety and manufacturing restrictions applied to other intoxicating products.
Now that the rules have been approved, all hemp products in the state will be required to have no detectable THC amounts. Additionally, only individuals aged 21 and above can purchase these products. The ban on hemp THC shall be in effect until March 25, 2025.
Entities such as that have interests in CBD and other cannabinoid production, such as Software Effective Solutions Corp. (d/b/a MedCana) (OTC: SFWJ), may be hoping that a less radical way is found to regulate hemp derivatives so that the substances aren’t completely taken off the market as this ban seeks to do.
NOTE TO INVESTORS: The latest news and updates relating to Software Effective Solutions Corp. (d/b/a MedCana) (OTC: SFWJ) are available in the company’s newsroom at https://cnw.fm/SFWJ
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