CBD and Cannabis News Update

This week’s CBD and cannabis updates from the U.S. and around the globe.

July 02, 2019

ALEXANDRIA, Va.—Each week, NACS brings you a roundup of news and information on cannabis and CBD to help update you on the fast-moving products and their legality. Here are the topics in the news for the week of June 24–28:
U.S. Federal Activity
  • USDA Sets Target Deadline to Release Hemp Regulations. On June 23, the U.S. Department of Agriculture (USDA) published a notice in the Federal Register that offers insights into its rulemaking process for hemp regulations. Of particular note, USDA is aiming to release its interim final rule by August. Previously, the department simply said it would have the rules in place in time for the 2020 planting season. (Sources: Marijuana MomentFederal Register
  • Mitch McConnell Meets with Acting FDA Commissioner to Discuss CBD Regulations. On June 27, Senate Majority Leader Mitch McConnell (R-KY) met with Acting Food and Drug Administration (FDA) Commissioner Ned Sharpless to discuss creating a regulatory framework for lawfully marketing hemp-derived CBD. (Source: McConnell)
State and Local Activity
  • Illinois Becomes 11th State to Allow Recreational Marijuana. Illinois Governor J.B. Pritzker signed legislation on June 25 legalizing small amounts of marijuana for recreational use, making the state the 11th to do so and the first to implement a statewide cannabis marketplace designed by legislators. (Source: AP)
  • Oregon Legislature Passes Bills to Address Cannabis Surplus. In an effort to move black market marijuana growers to the legal industry, Oregon has distributed licenses liberally. In turn, the state has a surplus of legal cannabis. Oregon lawmakers signed two bills signed into law in the past week—one aimed at curbing excess production and the other seeking to establish new markets to funnel excess weed into. (Sources: LA TimesFox News)
  • 'Fresh from Florida’ CBD hemp products on their way with new law. Florida consumers soon could see something similar to the famous “Fresh from Florida” logo on CBD hemp products made in the state, where hemp becomes legal July 1. (Source: Sun Sentinel
  • Recreational Marijuana Won’t Be on the Ballot in Ohio This Year. Ohioans will not vote in 2019 whether to broadly legalize marijuana in the Buckeye State, despite several recent reports to the contrary. (Source: Cincinnati Enquirer)
  • CBD-Infused Food and Beverages are Still Illegal Under U.S. Law. So Why Are They Everywhere? A new line of beverages containing “active hemp extract” debuts in stores this week, which may push the FDA closer to establishing a regulatory framework. (Source: Washington Post)
  • Federal Data Show More Banks are Working with Marijuana Businesses. By the end of March, 411 banks and credit unions in the U.S. were “actively” operating accounts for marijuana businesses, according to a report from the Treasury Department's Financial Crimes Enforcement Network (FinCEN). (Source: Forbes
  • UMD Offers Country’s First Medical Marijuana Master’s Program. As more states legalize cannabis for medical use, the University of Maryland School of Pharmacy is launching the nation’s first master’s program to train students about the science and policies of medical marijuana. (Source: CBS Baltimore)
NACS has prepared a fact sheet (for members only) to help you navigate what’s legal and what’s not for CBD retailing. Don’t miss the Federal Cannabis Legislation Tracker covering bills that have been introduced in Congress in 2019 pertaining to marijuana legalization that may affect retailers.