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 September 9–13:
U.S. Federal Activity
State and Local Activity
- Former FDA Commissioner Thinks Feds Should Regulate Marijuana. Former FDA Commissioner Dr. Scott Gottlieb indicated in an interview on September 9 that the government needs to regulate cannabis products, after reports of 450 possible cases and five deaths from a lung disease linked to vaping. (Source: CNBC)
- Senate Banking Chairman Plans Vote on Marijuana Banking Bill. Senate Banking Committee Chairman Mike Crapo (R-ID) indicated that he wants to hold a vote on the Secure and Fair Enforcement (SAFE) Banking Act, a banking bill that would enable financial institutions to service cannabis businesses. The House version of the cannabis banking bill cleared that chamber’s Financial Services Committee with a bipartisan vote in March. (Source: Politico)
- FTC Warns More CBD Companies Over Health Claims. On September 10, the Federal Trade Commission (FTC) announced it has issued warnings to three companies that sell products that contain cannabidiol (CBD). (Source: CBS News)
- Congressional Black Caucus Conference Emphasizes Marijuana Legalization. Last week, the Congressional Black Caucus (CBC) Foundation convened four panels dedicated to marijuana policy as part of the group’s Annual Legislative Conference. The panels featured lawmakers and advocates discussing a wide range of issues related to cannabis. (Source: Marijuana Moment)
- South Dakota Governor Pens Op-ed Opposing Hemp. On September 9, South Dakota Governor Kristi Noem wrote an op-ed outlining her opposition to legalizing hemp and promising to veto legislation that would allow it. (Source: WSJ).
- Illinois Marijuana Businesses Aren’t Prepared for Recreational Sales. The bill to legalize recreational marijuana required various state agencies to propose and adopt administrative rules within 180 days that will help regulate the industry. That deadline falls just days before legal sales of marijuana are scheduled to begin. (Source: Chicago Tribune)
- Florida AG Opposes Recreational Marijuana Amendment. Florida’s Attorney General Ashley Moody argues voters can’t fully understand everything the 10-page amendment does based off of the required 75-word ballot summary. (Source: News8).
- Hemp Farming Quadrupled in the U.S. This Year, New Report Shows. According to a report released by an advocacy group on September 5, the amount of land on which U.S. farmers are licensed to grow hemp has more than quadrupled this year. (Source: Forbes)
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 October 1–4 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.