Kansas Proposes Harsh Penalties For Hemp THC Levels
In Kansas, a proposed amendment could significantly impact hemp farmers by introducing severe penalties for THC content exceeding 1%. State law mandates hemp THC levels be under 0.3%, but the new proposal suggests imprisonment for levels above 1%. Critics argue this could unfairly penalize hemp producers, complicating the industry's legal landscape.
This move has sparked concern among legislators, who question the fairness and target of these potential penalties, highlighting the difficulties law enforcement faces in distinguishing between legal hemp and illegal marijuana.
Interested in the latest developments in the industry? Stay abreast at the upcoming Benzinga Cannabis Capital Conference in Florida on April 16-17. The two-day event at The Diplomat Beach Resort is a chance for entrepreneurs, both large and small, to network, learn, and grow. Get your tickets now on bzcannabis.com – Prices will increase very soon!
Nebraska Adjusts Hemp And CBD Tax Rate
Nebraska's legislature has amended a bill, significantly lowering the proposed tax on hemp and CBD products from 100% to 25%.
Despite the reduction, this rate remains substantially higher than typical state sales taxes on federally legal products. The bill also includes broader tax reforms and adjustments, sparking debate over the balance between regulatory oversight and industry support.
Minnesota's Cannabis Market Faces Licensing And Supply Challenges
Minnesota's nascent legal marijuana market may encounter delays and supply shortages due to licensing and cultivation timelines. Regulators and legislators are navigating the complex process of issuing licenses to growers ahead of dispensaries to ensure adequate supply.
The state is considering various strategies to prevent a chaotic launch, including leveraging tribal nations and existing medical marijuana infrastructure. Local media reports that without early cultivation, Minnesota risks an initial supply shortage, potentially stalling the market's growth and benefiting the illicit market.
Pennsylvania Focuses On Equity in Cannabis Legislation
A Pennsylvania House subcommittee is exploring the integration of social equity and restorative justice into potential cannabis legislation, aiming to address the disproportionate impact of drug laws on minority communities.
Discussions include prioritizing minority business owners and those previously convicted of cannabis-related offenses for licenses.
Interested in the latest developments in the industry? Stay abreast at the upcoming Benzinga Cannabis Capital Conference in Florida on April 16-17. The two-day event at The Diplomat Beach Resort is a chance for entrepreneurs, both large and small, to network, learn, and grow. Get your tickets now on bzcannabis.com – Prices will increase very soon!
Photo: AI-Generated Image.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
The Benzinga Cannabis Capital Conference is coming to Florida
The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.
Get your tickets now on bzcannabis.com – Prices will increase very soon!