CBD And Hemp Legal And Regulatory Roundup – June 25, 2021 – Mondaq News Alerts

United States: CBD And Hemp Legal And Regulatory Roundup – June 25, 2021

Welcome to our weekly roundup of CBD and hemp-related legal and
regulatory news:

CBD

Judge tosses $9M CBD oil
suit saying Ky. is wrong venue

U.S. District Judge Robert E. Wier tossed a hemp farm’s
$9-million contract dispute suit against an Ore. CBD processor,
finding the farm didn’t show Ky. was the appropriate venue for
its claims. Third Wave asked for declaratory judgment in Mar. 2020,
asking the court to void its contract with Pure Valley after it was
hit with a $9-million bill. In Apr. 2020, Pure Valley asked Wier to
dismiss the case for lack of subject matter jurisdiction, arguing
an „out-of-state defendant, like Pure Valley, cannot be hauled
into a Kentucky forum merely because it entered into a contract
with an entity which is allegedly headquartered in Kentucky.”
Pure Valley noted Third Wave shares Ore. citizenship with Pure
Valley and all the negotiations concerning the allegedly breached
contract took place outside of Ky. Before Judge Wier could make a
decision about Pure Valley’s request, Third Wave filed for
Chapter 7 bankruptcy, and Wier stayed the contract dispute case
while the bankruptcy proceedings were going on. When the bankruptcy
case concluded in Mar., Pure Valley asked the judge to reopen the
case. Law 360 (sub.
req.)

Experts believe
Amazon’s logistics expertise could jumpstart backing,
investment in CBD

Amazon’s decision to publicly support the legalization of
cannabis made waves in that industry, with many experts believing
this could be the start of some significant backing and investment
for this market. After the passing of the 2018 Farm Bill, an influx
of investors and hemp farmers, along with a huge boom in consumer
desire for CBD led to an overabundance of hemp crops being grown.
Due to the immaturity of manufacturing and supply chain logistics,
the industry couldn’t ship the hemp to its consumers fast
enough. This led to a backlog of hemp from 2019 that was carried
over to 2020, which was compounded by the effects of the global
pandemic. One of the current main areas of concern in the hemp
industry is its poor logistics, an area in which Amazon excels, and
one could imagine further investment and backing from Amazon in the
industry, could help iron out many of the logistical problems this
immature sector has recently suffered from. While at the moment
things in the hemp industry appear to be struggling, in a
post-pandemic world where the hemp industry is diversifying and at
the same time improving their manufacturing and logistics, the
future of hemp looks bright. FINSMES

Hemp

HIA, cannabis industry
attorneys argue Delta-8 shouldn’t be considered controlled
substance

According to a policy statement by the Hemp Industries
Association (HIA) and its attorneys at Kight Law Office, the 2018
Farm Bill removed hemp from the controlled substances list, it also
legalized hemp extracts and derivatives, such as the Delta-8
compound. The Kight Law Group’s analysis revealed the lack of
clarity surrounding Delta-8 stems from whether it counts as „synthetic” cannabis, which is illegal under the CSA. The
DEA hasn’t issued formal guidance on whether Delta-8-THC
derived from hemp is a controlled substance under federal law. The
HIA said industry stakeholders should be advocating for safe
Delta-8 products and manufacturing methods, rather than sitting by
as regulators try to outright ban the substance. Law 360 (sub.
req.)

Nev. hemp plan approved
by USDA

The Nev. Department of Agriculture (NDA) State of Nevada Hemp
Plan was approved by the USDA on May 28. The NDA provided a
presentation detailing federal requirements for certified hemp
growers. In addition, the NDA held three public workshops and a
hearing to receive public input and engage with the industry. Department of
Agriculture

The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.

POPULAR ARTICLES ON: Cannabis & Hemp from United States