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#095 - Smelly Frog Soup & Big Ugly Bills: TX, NC, CA and DC Get Topsy Turvy with Hemp & Cannabis w/ Ben & AnnaRae

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Manage episode 492259013 series 3509840
Content provided by AnnaRae Grabstein and Ben Larson, AnnaRae Grabstein, and Ben Larson. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by AnnaRae Grabstein and Ben Larson, AnnaRae Grabstein, and Ben Larson or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Send us a text

The cannabis industry faces an existential crisis as political developments threaten businesses across multiple fronts despite growing public acceptance. State and federal politics are creating contradictory and often hostile environments for cannabis operators while simultaneously claiming to support legalization.
• Texas Governor Abbott vetoed SB3, preserving the hemp industry with a special session starting soon to determine the regulatory framework
• North Carolina scaled back hemp restrictions to focus on age limits and synthetic cannabinoid prohibitions
• Federal appropriations bills contain language that could redefine hemp and effectively ban all intoxicating products
• Senate bill provisions could strip protections preventing federal enforcement against state-legal cannabis programs
• California implemented a 25% excise tax increase on cannabis while Governor Newsom made performative promises to stop it
• California's cannabis tax collections are down 11% year-over-year as the industry contracts under regulatory pressure
• Stanley Brothers (Charlotte's Web founders) are pursuing FDA approval for THC medicines, potentially creating billion-dollar pharmaceutical applications
• Epidiolex, a CBD-based FDA-approved medicine, generated $972 million in sales last year
• Potential cannabis rescheduling to Schedule III could open doors for medical applications while providing tax relief
• Connected Cannabis filed a lawsuit challenging California's punitive testing requirements for aspergillus
--
High Spirits is brought to you by Vertosa and Wolf Meyer.
Your hosts are Ben Larson and AnnaRae Grabstein.
Follow High Spirits on LinkedIn.
We'd love to hear your thoughts. Who would you like to see on the show? What topics would you like to have us cover?
Visit our website www.highspirits.media and listen to all of our past shows.

THANK YOU to our audience. Your engagement encourages us to keep bringing you these thought-provoking conversations.
Remember to always stay curious, stay informed, and most importantly, keep your spirits high.


  continue reading

Chapters

1. Opening Frustrations and Reunion (00:00:00)

2. Catching Up After Vacation (00:02:42)

3. Cannabis Business News Roundup (00:08:50)

4. Texas Hemp Victory and North Carolina Updates (00:16:14)

5. Federal Threats to Cannabis and Hemp (00:24:10)

6. California's Cannabis Tax Disaster (00:32:06)

7. Stanley Brothers' FDA Breakthrough (00:42:10)

8. Final Thoughts on Failure and Resilience (00:47:15)

94 episodes

Artwork
iconShare
 
Manage episode 492259013 series 3509840
Content provided by AnnaRae Grabstein and Ben Larson, AnnaRae Grabstein, and Ben Larson. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by AnnaRae Grabstein and Ben Larson, AnnaRae Grabstein, and Ben Larson or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

Send us a text

The cannabis industry faces an existential crisis as political developments threaten businesses across multiple fronts despite growing public acceptance. State and federal politics are creating contradictory and often hostile environments for cannabis operators while simultaneously claiming to support legalization.
• Texas Governor Abbott vetoed SB3, preserving the hemp industry with a special session starting soon to determine the regulatory framework
• North Carolina scaled back hemp restrictions to focus on age limits and synthetic cannabinoid prohibitions
• Federal appropriations bills contain language that could redefine hemp and effectively ban all intoxicating products
• Senate bill provisions could strip protections preventing federal enforcement against state-legal cannabis programs
• California implemented a 25% excise tax increase on cannabis while Governor Newsom made performative promises to stop it
• California's cannabis tax collections are down 11% year-over-year as the industry contracts under regulatory pressure
• Stanley Brothers (Charlotte's Web founders) are pursuing FDA approval for THC medicines, potentially creating billion-dollar pharmaceutical applications
• Epidiolex, a CBD-based FDA-approved medicine, generated $972 million in sales last year
• Potential cannabis rescheduling to Schedule III could open doors for medical applications while providing tax relief
• Connected Cannabis filed a lawsuit challenging California's punitive testing requirements for aspergillus
--
High Spirits is brought to you by Vertosa and Wolf Meyer.
Your hosts are Ben Larson and AnnaRae Grabstein.
Follow High Spirits on LinkedIn.
We'd love to hear your thoughts. Who would you like to see on the show? What topics would you like to have us cover?
Visit our website www.highspirits.media and listen to all of our past shows.

THANK YOU to our audience. Your engagement encourages us to keep bringing you these thought-provoking conversations.
Remember to always stay curious, stay informed, and most importantly, keep your spirits high.


  continue reading

Chapters

1. Opening Frustrations and Reunion (00:00:00)

2. Catching Up After Vacation (00:02:42)

3. Cannabis Business News Roundup (00:08:50)

4. Texas Hemp Victory and North Carolina Updates (00:16:14)

5. Federal Threats to Cannabis and Hemp (00:24:10)

6. California's Cannabis Tax Disaster (00:32:06)

7. Stanley Brothers' FDA Breakthrough (00:42:10)

8. Final Thoughts on Failure and Resilience (00:47:15)

94 episodes

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