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Texas to Move Forward Regarding Hemp THC Products
Texas has scheduled a meeting and a webcast for the public regarding its new rules pertaining to hemp and hemp-derived products on January 9th: Recall that in early October, the state adopted emergency rules to prohibit Consumable Hemp Licensees and Retail Hemp Registrants from selling consumable hemp products to customers under the age of 21 and require a valid proof of government-issued identification prior to purchase. This was after the surprise and last-minute veto by G

Alan Brochstein, CFA
Dec 31, 20251 min read
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The CRS Weighs In On Pending Hemp Rule Changes
The Congressional Research Service (CRS), which was created in 1914 and renamed in 1970, was a part of the Library of Congress. Its mission is to serve Congress with research and analysis. CRS employs about 600 and has five divisions for research, including American Law, Domestic Social Policy, Foreign Affairs, Government and Finance and Science and Industry. On 12/03, it issued a piece on the new law for hemp products that was passed when the government voted to reopen and t

Alan Brochstein, CFA
Dec 8, 20252 min read
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Attorneys Suggest Hemp Companies File For Bankruptcy Now
Foley, Hoag is a well known international law firm with offices in Boston, Denver, New York City, Paris and Washington, D.C. that works on many industries but is strong in cannabis. Today, they published a piece on their blog about the recent THC ban by the federal government. Though it doesn't take effect until almost a year from now, the authors, a partner in NYC and an associate in Boston at Foley Hoag, suggest that the companies serving this industry consider an early ba

Alan Brochstein, CFA
Nov 25, 20251 min read
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The End Of Hemp as We Know It?
Hooray, possibly, the federal government's shutdown is ending. The Senate voted to do so on Monday, and the House of Representatives voted yesterday. President Trump quickly signed into law an appropriations bill that restarts government. The bill had a lot of things in it, including a fix to the Farm Act of 2018, which legalized hemp. Here is the part related to Agriculture, Rural Development, Food and Drug Administration and Related Agency Appropriations: The new rules for

Alan Brochstein, CFA
Nov 13, 20252 min read
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New York Cracks Down
New York's state-regulated cannabis business has been booming after a very rough start. I am a big fan of New York City, the state and its cannabis program, but there was a big problem. Today, the New York Times revealed that Omnium Canna, a processor, has been banned . The company, which was licensed in 2023 as a processor of cannabis, was apparently allowing other brands into the state, which was against the rules because the brands were not licensed. Some of the ones that

Alan Brochstein, CFA
Oct 21, 20251 min read
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Ohio Bans Hemp Products
John Eisenmann, Public domain, via Wikimedia Commons Now, Ohio, which just went legal for adult-use cannabis sales in August, is pushing...

Alan Brochstein, CFA
Oct 9, 20251 min read
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More States Regulate Hemp Products
Texas just began some regulation of THC products that are hemp-derived, though the legislature failed in a special session to create a...

Alan Brochstein, CFA
Oct 3, 20252 min read
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Minnesota Hemp Challenge
Minnesota legalized medical cannabis in 2014. The small state, which became operational for medical cannabis in 2015, currently has 16...

Alan Brochstein, CFA
Sep 30, 20251 min read
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Texas Has New Hemp Rules Pending
There has been a lot of back and forth regarding hemp in Texas. Recall that Governor Abbott struck down a law in the last hour that...

Alan Brochstein, CFA
Sep 10, 20252 min read
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Texas Should Regulate THC
The Texas government continues to work on banning all THC products in Texas, a story that began with the Senate and Congress of the state...

Alan Brochstein, CFA
Aug 22, 20251 min read
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The Texas Agenda
This could be a good example for other states in how to regulate hemp-based cannabinoids.

Alan Brochstein, CFA
Jul 10, 20251 min read
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