Amanda Swaty Myers’ Post

In case you missed it, here are a few key provisions of the CT cannabis and hemp laws that went into effect on October 1: - The new definition of High-THC Hemp went into effect on 10/1, rendering all hemp-derived compounds and products with total THC greater than 1mg/serving and 5mg/container “cannabis” under CT law, which can only be manufactured, packaged, and sold with a cannabis license - The manufacture of Infused Beverages – defined as any hemp-derived non-alcoholic beverage with up to 3mg of Total THC per container – requires a specific license from DCP, or written permission from DCP for existing licensed cannabis manufacturers - Each lot of Infused Beverages must be tested by a licensed cannabis testing laboratory and must meet all testing standards before sale - Infused Beverages may only be sold at cannabis retail establishments and permitted package stores; Infused Beverage manufacturers may sell only to cannabis retail establishments and beer wholesalers - Cannabis retailers and beer wholesalers must verify that each shipment of Infused Beverages complies with marketing restrictions, and must also verify compliance with DCP Policies & Procedures for manufacture of Infused Beverages if such beverages were manufactured outside of CT #CannabisLaw #CannaBizCT #ShipmanCannabisTeam

Curious about the future of cannabis and hemp infused beverages? This recent Forbes article discusses how D9 Hemp beverages, along with products like Kratom and Kava, are set to fill a gap in the market to meet modern consumer demand. With the federal government moving toward moving cannabis to Schedule III, the spotlight is on federally legal and de-scheduled D9 Hemp products in the National Marketplace. Read more: https://bit.ly/4cyV6mj

Cannabis is taking over! According to The Dales Report, the decline in beer sales is indicating a significant shift towards cannabis consumption. If you're a cannabis business owner, this is exciting news! The economic impact of legalizing cannabis is profound, with tax revenues surpassing those of beer and wine. This trend not only reflects changing consumer preferences but also opens up vast opportunities for growth and innovation in the cannabis industry. As the cannabis market continues to expand, now is the time to seize the moment and capitalize on this booming industry. Whether you're already established or looking to enter the market, there's never been a better time to be a part of the cannabis revolution. 👉 I'd love to hear your thoughts on this. Do you see cannabis as the future of recreational products? Share your thoughts in the comments below!

After a month now in California, one thing I’ve picked up on is the level of detail on the packaging of the cannabis products here. Going into things that I’ll be honest, I wouldn’t have even considered looking for when choosing to buy some flowers, the percentage of Trans-Caryophyllene contained for instance. This got me thinking about the differences in the cannabis industry between Europe and the USA. It’s not just California exclusively that has this level of detail either. Looking at the Spanish model of associations, clubs rarely give out THC levels of their products, let alone statistics on the total sum of cannabinoids, CBD ratings etc, you’d be very lucky to see a terpene break down. Whilst seed companies in Europe are detailed about their genetics and rightly so, this information is rarely available when you are browsing for the end product that you are about to consume. Sometimes you might know which genetics have been used, if it’s organic, or possibly the THC level if you’re lucky. As Europe, specifically Germany moves towards a more health lead approach, with clear laws regarding associations and the products that can be sold there (I’m thinking similar to the beer purity laws here) there’s an opportunity to change how things are done. Especially when compared to the grey areas of Spanish law that cannabis clubs have to work within. Given that the German government are setting specific guidelines with the new legislation, it would be interesting to see if this leads to an increase in the level of information available of the products to choose from? At least in Spain, I don’t think basic testing on the flowers that are available in your club is that revolutionary. It’s even quite common to come across people with fairly accurate hand held (for their size!) readers at trade shows. I feel that cannabis associations in Europe could offer so much more value to their members, in advertising their products more accurately. Doing a google search at the POS on new strains that are available, has quickly developed into something of a new habit! Even the most basic of testing of the products, as you would expect done in dispensaries in the states would go a long way in Europe, instead of remaining to just describing it vocally. My 2cents anyway.

In California, if you have a license to manufacture cannabis products you can’t sell anything else. Imagine having a beverage facility and being unable to can virgin beverages, let alone hemp beverages. Hemp, on the other hand is permissible to be put into food and beverages. If you’re a food and beverage manufacturer, you obtain an industrial hemp authorization and you can make hemp derived products in your facility. Adult-use cannabis products can only be released to a licensed cannabis distributor, who only had cannabis products on their trucks. They can only deliver to one of 200-300 licensed cannabis retailers in California that actually pay their bills. Not a very addressable market. Licensed cannabis operators that pivot to hemp want to serve more of their fine products to more people, and they aren’t going to wait for cannabis laws to make logical sense. If you’re a licensed cannabis operator who isn’t in hemp, your frustrations are valid. Why not direct your energy to the state?

The cannabis industry has long been a complex landscape, full of regulatory challenges and changing legislation. One of the most contentious issues is the exploitation of the THCA loophole, which has allowed hemp-derived products to skirt THC regulations. With new legislation on the horizon, the industry is poised for significant changes. While the closure of the THCA loophole spells the end of an era for some, it opens up new opportunities for others, particularly for national lifestyle based brands who can cross-over into the realm of edibles and drinks, organically. https://lnkd.in/g5JEQCmN

80% of the products sold in dispensary are “high dose”. pre-rolls average 150-200mg of thc - 50% of sales. vapes and concentrates are 800-1000mg or more and are 30% of sales. Low dose ingestibles - below 5/10mg that are comparable to a beer or glass of wine should be available where consenting adults 21+ have access. The states need to regulate, enforce and tax low dose hemp derived products and create fully functional markets where they can protect consumers and raise tax revenue - just like the states do for alcohol and tobacco. Wothoit a regulatory framework - bad actors will exist - it’s time for the state legislatures to enact common sense legislation this session. Kicking the can down the road is irresponsible to the citizens they serve

Hemp bill signed. Governor's words: "The status quo is untenable, and this bill will put an end to it. Immediately upon my signature, it will be unlawful to sell or distribute a product intended for human consumption that contains THC in any detectable amount to a person under 21 years of age. And in thirty days, it will be at least temporarily unlawful for intoxicating hemp products to be sold or distributed in New Jersey by anyone other than cannabis businesses licensed and overseen by the Cannabis Regulatory Commission. I would have preferred to sign a bill that stopped there. Late amendments to this bill in the Legislature opened the door to the sale and distribution of intoxicating hemp beverages by holders of plenary wholesale licenses and plenary retail distribution licenses for alcoholic beverages (“alcohol licensees”), in addition to licensed cannabis businesses. These amendments create a number of challenges. First, I am concerned that the bill requires the New Jersey Cannabis Regulatory Commission (the “Commission”) to establish a new regulatory program for alcohol licensees selling intoxicating hemp beverages but does not provide the Commission with the resources necessary to establish the program. This omission raises questions about the Commission’s ability to stand up a program that would expand intoxicating hemp beverage sales and distribution to alcohol licensees, let alone to do so within the timelines envisioned by the bill. The bill also does not explicitly require alcohol licensees that sell or distribute intoxicating hemp products to comply with the many regulatory requirements that apply to cannabis businesses. These include, among other requirements, mandates that retail employees be trained about the products being sold, that licensees maintain labor peace agreements, and that operations are consistent with municipal ordinances, including municipal ordinances prohibiting the operation of any one or more classes of cannabis establishment, or cannabis distributors or cannabis delivery services."

🏃♀️Cannabis ............................... 🏃♂️Coca-Cola 🏃♂️Marlboro 🏃♀️Budweiser Recent financial data from Beacon Securities Limited reveals that the cannabis industry is on track to outpace giants like Coca-Cola, Marlboro, and Budweiser in market growth. The report highlights the undervaluation of cannabis companies based on their EV/Sales ratios, with Canadian Licensed Producers and U.S. Operators showing significantly higher growth potential through 2025, with compound annual growth rates of 65% and 42% respectively. Full article from Benzinga here -----> https://lnkd.in/eUS6wX2m #cannabisindustry #cannabisinvesting