BIG WIN FOR FLORIDA HEMP BUSINESS OWNERS!
Over the past few weeks, hemp business owners in Florida have been in a state of distress. A proposed bill by the Florida Legislature threatened to regulate hemp-derived products in a way that would damage their businesses. However, on Monday, those business owners experienced a huge victory. The sponsor of the latest version of the bill removed any references to capping the amount of THC allowable in hemp products.
This decision comes as a relief to hemp business owners who were afraid that their livelihoods would be destroyed by the proposed regulations. The bill still contains certain safety requirements, largely to keep hemp-derived products like Delta-8 THC out of the hands of minors. But, the removal of the THC cap is a significant win for the industry.
Hemp-derived products have been a booming industry in recent years, with sales of CBD and other hemp-derived products skyrocketing. However, the legal status of these products has been a source of confusion and concern for many business owners. The federal government legalized hemp and hemp-derived products with the passage of the 2018 Farm Bill, but some states have been slow to adopt regulations.
Florida has been a particularly challenging state for the hemp industry. The state's Department of Agriculture and Consumer Services has been slow to issue licenses, and regulations have been vague and inconsistent. The proposed bill threatened to make things even more difficult for business owners.
The bill would have capped the amount of THC allowable in hemp products at 0.3%, which is the same limit as the federal government's definition of hemp. However, this would have made it difficult for businesses to sell products like Delta-8 THC, which is a popular product among consumers. Delta-8 THC is a derivative of hemp that is chemically similar to Delta-9 THC, which is the psychoactive compound in marijuana.
Hemp business owners in Florida rallied against the bill, arguing that it would hurt their businesses and that the THC cap was arbitrary and unnecessary. They argued that there was no scientific basis for the cap, and that it would make it difficult for them to compete with businesses in other states that don't have similar regulations.
The removal of the THC cap from the bill is a huge victory for the hemp industry in Florida. It shows that business owners have a voice in the legislative process, and that they can successfully advocate for their interests. While the bill still contains certain safety requirements, such as age verification for certain products, it is a much more reasonable proposal than it was before.
In conclusion, the removal of the THC cap from the proposed bill is a significant win for the hemp industry in Florida. It shows that business owners can successfully advocate for their interests, and that the legislative process is not always stacked against them. While the industry still faces challenges, this victory should give hemp business owners some hope that they can continue to grow and thrive in Florida.
Bailey - The Ganja Mon