DEA Rules THCA Is Not Legal Hemp Amid Industry Shake-Up And Farm Bill Debate On Delta-8 THC Prohibition
Portfolio Pulse from Patricio Liddle
The DEA has clarified that THCA must be included in THC concentration levels to comply with the legal definition of hemp, causing concerns within the hemp industry. This comes as Congress revisits cannabinoid regulations in the Farm Bill, with a key House committee passing an amendment to ban most hemp-derived cannabinoids like delta-8 THC. Major cannabis companies, including Curaleaf Holdings, have expressed opposition to these changes.
May 28, 2024 | 8:26 pm
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NEUTRAL IMPACT
Acreage Holdings, a member of the U.S. Cannabis Council, supports stringent regulations on intoxicating hemp products.
Acreage Holdings' support for stringent regulations aligns with their focus on safety standards. The impact on their stock price is likely neutral in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEUTRAL IMPACT
Canopy Growth, a major player in the cannabis industry, is part of the U.S. Cannabis Council, which supports stringent regulations on intoxicating hemp products.
Canopy Growth's support for stringent regulations aligns with their focus on safety standards. The impact on their stock price is likely neutral in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEUTRAL IMPACT
Cresco Labs, a member of the U.S. Cannabis Council, supports stringent regulations on intoxicating hemp products.
Cresco Labs' support for stringent regulations aligns with their focus on safety standards. The impact on their stock price is likely neutral in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEUTRAL IMPACT
MariMed, a member of the U.S. Cannabis Council, supports stringent regulations on intoxicating hemp products.
MariMed's support for stringent regulations aligns with their focus on safety standards. The impact on their stock price is likely neutral in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEUTRAL IMPACT
Verano Holdings, a member of the U.S. Cannabis Council, supports stringent regulations on intoxicating hemp products.
Verano Holdings' support for stringent regulations aligns with their focus on safety standards. The impact on their stock price is likely neutral in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60
NEGATIVE IMPACT
Curaleaf Holdings, the largest U.S. cannabis company, has entered the hemp-derived THC products market and opposes the proposed legislative changes to restrict hemp-derived cannabinoids like delta-8 THC.
Curaleaf Holdings has a significant stake in the hemp-derived THC products market. The proposed legislative changes could negatively impact their business, leading to a potential short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80