North Carolina is the latest state considering a ban on smokable hemp, a product that’s exploding along with the health craze surrounding a compound in the plant known as CBD.
Besides federal regulations laid out in the Hemp Farming Act of 2018, the Food and Drug Administration has no additional regulations on smokable hemp, leaving states to figure out how to govern it themselves.
This year, Indiana, Louisiana and Texas banned smokable hemp entirely, while Kansas banned products including hemp cigarettes and cigars. Tennessee prohibited smokable hemp sales to minors. Continue reading “North Carolina Proposes Smokable Hemp Ban as Demand Grows”
The Agriculture Improvement Act of 2018 (the 2018 Farm Bill) has officially been signed into law. One of the major components of this legislation of industrial hemp. This blog post will mainly focus on what the tax implications of this legalization and contrast tax differences of a federal legal hemp business versus a federally illegal business subject to section 280E. Continue reading “The 2018 Farm Bill – What it Means for Hemp Farmers’ Tax Bill”
Trees with fading leaves of early fall surrounded a wide field near Livingston at Old Mud Creek Farm, the home of Hudson Hemp. The site is one of the few legal hemp farms in the state, and may be a harbinger of what could become an agricultural economic driver in New York.
“Hemp has tremendous potential, but what it represents is a rethinking of many of our systems for industrial inputs,” Benjamin Dobson, CEO of Hudson Hemp, said. “America desperately needs another commodity crop.” Continue reading “How legalization of hemp can help New York industry”
A measure to legalize marijuana was not passed the last legislative session, but a bill paving the way for industrial hemp and another bill allowing for the expungement of marijuana-related convictions were. Gov. John Carney has recently signed them both into law. Continue reading “Delaware bill allowing industrial hemp farming now law”