Hemp Ban Discussion in California on Sept. 30

On September 16, 2024, Governor Gavin Newsom implemented an emergency ban on hemp-derived THC products in California, significantly impacting the hemp market. This ban is expected to eliminate up to 90-95% of available hemp products, creating financial instability for patients, farmers, manufacturers, and retailers. In response to this drastic measure, Zuanic & Associates is hosting a webinar titled 'The Hemp Derivatives Advocates' on September 30, 2024, at 2:30 PM ET. The event aims to present various perspectives on the ban and its implications for the hemp industry. The webinar will feature notable speakers, including Christopher Lackner, JD McCormick, and Jonathan Miller, who will discuss critical issues such as the legality of psychoactive hemp derivatives at the federal level and the impact of state regulatory changes. Participants will explore whether there is a cohesive state blueprint for hemp regulations or if blanket bans are becoming the norm. Additionally, the discussion will cover the upcoming Farm Bill, differentiating between responsible and irresponsible actors in the industry, and assessing the competitive dynamics between hemp operators and THC cannabis producers. The implications of proposed legislation by Senator Wyden will also be a focal point of the conversation, shedding light on the future of hemp regulation. This situation highlights the ongoing challenges faced by the hemp industry in California and raises questions about the balance between regulation and market access for hemp-derived products.