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There is a strange irony playing out in Washington, DC
Even big beer companies like Boston Beer Company and retail outlets including Target and Circle K are betting big on HEMP-Depice
In Washington, DC, a loophole in federal law exploited by the anti-cannabis maryland congressman is being used to crack down on small, local businesses.
At the same time, after the reorganization of hemp under Federal law was interrupted at the last minute in the summer, rumors of spending money that will kill the industry overnight and even the ongoing government shutdown.
Despite claims to protect children from harm and sketchy product pricing drawn by fly-by-night salespeople, the anti-hemp Thc hysteria is no place for public safety.
Enumerated action for protection against competition and the case of arrest warrants.
The Cannabis Industry Shows Fear
The farm bill of 2018, which legalized the production of hemp throughout the country and established a legal standard for distinguishing marijuana from hemp, had an unsecured (or maybe not) effect: prescribed products containing THC obtained legally.
Sensing the Opportunity – And realizing that many Americans do not have access to controlled cannabis products – thousands of small businesses and entrepreneurs are building a multi-billion dollar industry from scratch. In a sign of growth in the market, co-operators large and small are competing and innovating, introducing new products such as active ingredients, powdered drink sticks and more.
Rubaway’s success in this new market demonstrated real consumer demand, especially in a region where licensed marijuana remains illegal, inaccessible, or expensive. In Texas alone, the legal HEMP market is estimated to be worth $5.5 billion.
For years, the existing cannabis companies – the various operators of Marlijuana – have spent millions in an attempt to protect their secure share of the limited license market.
But now that it’s a proven, multibillion-dollar market, the religious cannabis industry sees hemp as a threat.
Hemp drinks are realizing the dreams of many big cannabis companies as a consumer packaged goods (CPG) space. Giants in the space are entering the ring and acquiring hemp beverage companies or launching their own product lines. They see the future.
And that future, of course, does not include the thousands of small competitors that make up the hemp industry.
Why block the free market when you can just vote to eliminate your competition?
The issue of hemp-derived thc is produced
The “tragedy” of THC-induced THC, as it is put on the wall by the lawyers of the general members and some members of Congress, is a panic made.
It’s designed to clarify new rules like Blatet’s Ban On Hemp-Derived Thc that do one thing: Clear the field for big players.
For more than a year, lobbyists representing MSOs and their new corporate players have been urging lawmakers to change Hemp’s definition of Hemp, effectively outlawing their competing junior products. Kentucky Sen. Mitch McConnell, the once proud 2018 farm secretary, now wants the closing of this loophole to be the last act of his political campaigns.
But this orientation to DC is not a safety measure; It is the work of a political coup. It is a way for big companies to pull the ladder behind them.
They embrace the hemp beverage market with one hand while paying lobbyists to meet with the other.
The hypocrisy is amazing. The demand for these products is created by the failure of the State licensed cannabis model. By restricting a few hand-picked licenses, states have been subjected to artificial prices and sky-high prices, forcing consumers to find legal, affordable alternatives. Hemp filled that.
Another federal cannabis problem is not the answer
If we want to deal with this, the answer is not a new denial. The answer is to dismantle the State’s high-level programs. A free and open market for all cannabis products will see a need for hemp-based alternatives in turn.
But useless licenses don’t require a free market. They want a cartel. And with the help of new corporate giants, they are trying to use the power of Congress to get it.
Lou Rinali is a Connecticut-based attorney who has been working since 2019 to improve outcomes for cannabis patients through common sense, smart policy and education for elected officials and public servants.
