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 July 22–26:
U.S. Federal Activity
State and Local Activity
- FDA Issues Warning Letter to CBD Retailer for Unsubstantiated Health Claims. The Food and Drug Administration (FDA) issued a warning letter to Curaleaf Inc. for selling products containing cannabidiol (CBD) with claims that the products treat certain diseases, including cancer and Alzheimer’s disease. (Sources: FDA, CNN)
- Senate Banking Committee Holds Marijuana Banking Hearing. The Senate Banking, Housing and Urban Affairs Committee held a hearing on the need for cannabis businesses to have access to financial services. The Secure and Fair Enforcement (SAFE) Banking Act has been introduced in the Senate and would enable financial institutions to service cannabis businesses. The House version of the bill cleared that chamber’s Financial Services Committee with a bipartisan vote in March. (Sources: Forbes, CNBC)
- Federal Officials, Hemp Industry Discuss Hemp Legalization at Senate Agriculture Committee Hearing. On July 25, the Senate Agriculture Committee heard from federal agency officials about their efforts to implement the legalization of hemp. In addition, hemp industry stakeholders addressed the Committee. (Sources: Marijuana Moment, Roll Call)
- Marijuana Legalization Legislation Introduced in Congress. Sen. Kamala Harris (D-CA) and Rep. Jarrold Nadler (D-NY) introduced legislation that would legalize and tax marijuana at the national level and provide opportunities for people convicted of federal pot crimes to clear their records. (Source: Washington Post)
- More than 500 Michigan Communities Opted Out of Recreational Marijuana. As of July 24, 522 of Michigan’s 1,773 communities have opted out of the Michigan Regulation and Taxation of Marijuana Act. (Source: The Detroit News)
- Alaskan City Passes Ordinance to Allow Marijuana Use at Approved Retailers. The City and Borough of Juneau Assembly approved an ordinance on July 22 that will allow customers to consume recreational marijuana onsite—edibles can be consumed indoors, and smoking options can be offered outdoors at state-approved businesses. (Sources: U.S. News, AP)
- Virginia Commercial Hemp Market Booming. The Virginia Department of Agriculture and Consumer Services reports that more than 800 growers had registered with the agency at the start of July, potentially resulting in more than 8,500 acres of hemp in Virginia this growing season. (Source: The Roanoke Times).
- Second Ballot Proposal Seeks to Legalize Marijuana in Arkansas. A Cannabis Advocacy Group submitted a 2020 ballot initiative seeking to legalize marijuana for recreational use in Arkansas. This is the second ballot initiative for 2020 that has been filed. (Source: Arkansas Democrat Gazette)
- Sephora Puts CBD Products in Stores. Sephora has made products containing cannabidiol (CBD) available in more than Sephora 170 stores across the U.S. The cosmetics retailer started selling Lord Jones' CBD body lotion online last year. (Source: GMA)
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.
NACS has designed two specialized education sessions for this year’s NACS Show in Atlanta to help convenience retailers better understand CBD product offerings: “Cannabis, Marijuana, CBD: The Practical and Legal Outlook” and “CBD, Hemp, Edibles: What Retailers Need to Know About this New Category.” In addition, the Expo will include a new pavilion in Hall C featuring CBD products.