+THC-O Court Ruling, California Hemp Ban, Billion-Dollar Markets & More! + What to Know About Colorado’s Regulatory Changes
Most Popular This Month | THC-O Court Ruling, California’s Hemp Ban Lead CBT’s Top Stories in September | The complex collision between a federal court’s interpretation of the 2018 Farm Bill and the Drug Enforcement Administration’s (DEA) interpretation was the article of the month for Cannabis Business Times readers. The U.S. Court of Appeals for the Fourth Circuit ruled Sept. 4 that THC-O acetate, commonly referred to as just THC-O, meets the legal definition of hemp, deviating from a 2023 DEA declaration that the semi-synthetic analogue is a Schedule I controlled substance. The court found that the DEA’s interpretation of synthetically derived tetrahydrocannabinols related to the Farm Bill lacks the “power to persuade,” one of many determinations that captivated reader attention to lead CBT’s top 10 most-read articles in September. Taking the No. 2 spot this month was another hemp-related article: California Gov. Gavin Newsom’s emergency regulations that effectively banned hemp-derived cannabinoid products with any traceable amount of THC starting Sept. 23. September’s top 10 articles also featured an in-depth analysis of 11 states that are projected to have billion-dollar cannabis markets in 2024, Virginia awarding a long-vacated medical cannabis license to multistate operator AYR Wellness, the DEA assisting a raid of nine vape shops in Texas, and a pair of articles on Trump predicting Florida’s adult-use ballot measure would pass and his support for federal cannabis rescheduling and banking reform. CATCH UP ON THE TOP 10 STORIES FROM SEPTEMBER |
No. 10: Legalization Record | Support for Florida Cannabis Legalization Measure Eclipses $100 Million | Behind Trulieve’s contributions, Amendment 3 backers are outraising their opponents, 5 to 1, in the nation’s most well-funded legalization campaign.More >>> |
No. 9: A Welcomed Eye-Opener | Trump Signals Support for Federal Cannabis Rescheduling, Banking Reform | The GOP presidential candidate said he will focus on unlocking the ‘medical uses of marijuana to a Schedule 3 drug’ if elected in November.More >>> |
No. 8: Eradication Efforts | New York Nukes $63 Million of Seized Cannabis Products From 1,000 Shutdown Smoke Shops | City officials incinerated more than 4 tons of unregulated cannabis products seized from their ‘Operation Padlock to Protect.’More >>> |
No. 7: Unintended Implications | Medical Marijuana Act Signed by Biden Would Hinder Research Under Rescheduling | The Medical Marijuana and Cannabidiol Research Expansion Act’s requirements would remain under Schedule III, a congressional researcher says.More >>> |
No. 6: 'Overstepped Their Authority' | Allen Police Department, DEA Raid 9 Texas Vape Shops, Destroy Hemp Products | Local authorities accused the shops of selling noncompliant products, sometimes to minors. An attorney said the police and DEA ‘overstepped their authority.’More >>> |
No. 5: Major Signs for Florida | Trump Predicts Florida Voters Will Legalize Cannabis, Urges Legislature to Prohibit Public Use | The former president is at odds with Florida Gov. Ron DeSantis over adult-use legalization, but both have concerns about the smell.More >>> |
No. 4: Access to a New Region | AYR Wellness Awarded Virginia’s HSA I Vertical Cannabis License | The publicly traded multistate cannabis operator will have exclusive medical cannabis licensing rights to the state’s Health Service Area in Northern Virginia.More >>> |
No. 3: Cha-Ching! | 11 States Projected to Be Billion-Dollar Cannabis Markets in 2024 | Maryland will be the newest state to join the 10-figure club this year, while three other states are expected to come just shy of the sales mark.More >>> |
No. 2: Industry-Killing Measure | Hemp-Derived THC Products Now Illegal in California After OAL Approval | The state’s Office of Administrative Law approved Gov. Gavin Newsom’s emergency regulations to ban hemp-derived intoxicating cannabinoid products.More >>> |
No. 1: A Contrary Interpretation | 4th Circuit Court Rules THC-O Meets Legal Definition of Hemp, Deviating From DEA | The federal court’s interpretation of the 2018 Farm Bill contradicts the Drug Enforcement Administration’s position that THC-O is illegal.More >>> |
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