This month, we are (almost) all getting ready for the holiday! Some are putting up their trees, others are shopping and the CBD industry is bracing itself for the busiest time of the year. While we get ready, here is the latest November CBD News!
A few months ago, we mentioned that the eco-conscious movements were putting hemp byproducts in a unique position to enter the animal feed market.
Since then, the idea has made some progress in the FDA’s machine and other independent research programs. Researchers have been looking into the nutritional propriety of hemp byproduct, and how feasible.
And it sounds that for now, THC remains the only source of worry about whether or not this would be eligible as animal feed. Obviously, when pursuing this feed, researchers want to ensure that no THC can be transferred to humans through consumption. Therefore, the fine lines are still being discussed.
New regulation, new laws, new restrictions
Wednesday, November 3rd, the Cannabis Control Board voted to formalize the following rules for hemp and CBD products in the state of New York: products containing delta-8 THC are banned in New York, along with prerolled hemp flower cigarettes, although hemp flower can still be sold, as long as it is not packaged and sold for smoking.
The Cannabis Control Board left the door open to allowing delta-8 THC and other isomers in future adult-use marijuana regulations, the board said.
USPS has banned vape products in the mail. This ban comes from an order by Congress. This makes the sale of hemp vape products more challenging for both consumers and sellers. Last year, consumers ordered some $44 million in CBD vape cartridges.
Over the counter, CBD is now legal in California! While the road to make products available in brick-and-mortar stores, this is a great opportunity for the hemp industry with projected to hit sales of $4.9 billion-$5.7 billion this year.
And last but not least, President Joe Biden nominated Dr. Robert Califf Friday, November 12th to be the next commissioner of the U.S. Food and Drug Administration. Califf has no known opinion or leanings concerning CBD and other cannabinoids, but the decision was saluted by advocates hungry for new leadership in the agency.
More parity in the CBD industry
The hemp and CBD industry has a complicated and intricate past in the story of the United States. Since 2018, the industry has been building back from decades of prohibition, and in this process, there seems to be a push to build better, with more diversity, parity, and sustainability.
Indigenous communities are increasingly pushing to collaborate and optimize their business opportunities in cannabis and hemp. Tribe trades and commerce is a practice as old as time and its impact on the current market has facilitated connections in the industry and is already showing promising results.
On the flip side, women’s parity in the cannabis industry is lacking and getting increasingly worse. Women experts in the field have seen themselves negatively impacted by the omnipresence of the good old boys/bro culture. Some are waiting for the system to implode, others just occupy space and fight back.
As we expected, 2021 is looking up! But if you find yourself wanting more after the November CBD news, consider looking into our past Direct CBD Online News articles right here.