In a recent Q&A with The Staten Islander, Joshua S. Bauchner, partner and Chair of the Firm’s Cannabis, Hemp and Psychedelics Practice, discussed the significant regulatory changes to hemp and cannabis included in the latest federal continuing resolution. Josh noted that the new framework “completely changes what is legal. The distinction between hemp and marijuana is a fiction without scientific basis… The CR looks to a Total THC measure rather than just Delta-9 THC.”
He cautioned that businesses should prepare for continued volatility as the rules evolve, emphasizing that “the cannabis and hemp space is one of the most dynamic regulatory environments on Earth. What is legal one day is illegal the next, making compliance a costly hardship undermining the viability of the (mostly) small businesses operating in the space.”
Read the complete article here.
You can contact Joshua S. Bauchner at jbauchner@mblawfirm.com or at 646-369-0250.