House moves ahead with hemp package that imposes more modest 15% excise tax

Florida House panel OKs tax on all hemp-derived THC products

Hemp being grown indoors for flower to produce CBD oil. (Florida A&M University hemp pilot project report to Florida Senate Agriculture Committee)All hemp-derived THC products would be taxed at 15% under a proposal passed in a Florida House committee on Wednesday. The measure is one of two regarding regulation of hemp-derived THC products sponsored by Panhandle Republican Michelle Salzman that were approved unanimously in the House Budget Commit…

House moves ahead with hemp package that imposes more modest 15% excise tax

The Budget Committee advanced the legislation, but lawmakers remain concerned about business ramifications of proposed regulations.

Abrupt exit of hemp council president exposes deep rifts in national body

Fresh efforts are underway to patch up fractured relationships in the hemp sector as it emerged […] The post Abrupt exit of hemp council president exposes deep rifts in national body appeared first on Cannabiz.

Social equity weed entrepreneurs speak out against unregulated hemp undercutting their business – The Windy City Word

Akele Parnell is among the many Black owners of cannabis dispensaries who are frustrated by the lack of hemp regulation in Chicago and Illinois. He says he wants to see regulation that not only ends the marketing of intoxicating hemp products as cannabis, but also completely stops the sale of those products in smoke shops. Parnell says these shops undercut social equity weed dispensary owners, like himself, who face numerous hurdles to open disp…

Intoxicating hemp products will remain on Mississippi shelves after legislation to regulate it dies

DPS Commissioner believes the federal government should set standards in relation to hemp and cannabis since current state and federal laws are at odds.

Did missteps and mismanagement finally spell the end for U.S. hemp association?

One of the longest-standing cannabis organizations in the U.S., the Hemp Industries Association (HIA), has apparently gone dormant – if not collapsed outright. Attempts by HempToday to reach officers and […]