Cannabis attorney Garrett Graff recently spoke with Natural Products Insider to discuss Colorado Governor Jared Polis’s bill that distinguishes intoxicating from non-intoxicating cannabinoids, reflecting efforts to balance hemp and marijuana interests. The bill drew mixed reactions from stakeholders within the industry.
An excerpt from the Natural Products Insider is below:
In April 2022, amid soaring sales of delta-8 THC across the United States, Colorado legislators sponsored a bill to address intoxicating products.
The bill defined an industrial hemp product, in part, as a cosmetic, dietary supplement, food, food additive or herb that contained no more than 2 milligrams THC per serving and 20 mg per container for food (including a beverage, food additive, herb or dietary supplement).
Had the initial bill passed, it would “have wiped out the entire hemp industry in the state of Colorado,” declared Jared Stanley, co-founder and COO of Charlotte’s Web.
What ultimately resulted in the final bill signed into law on May 31, 2022, was a directive for the state licensing authority to “create a task force to study intoxicating hemp products and make legislative and rule recommendations.” The group invested over 100 hours over a period of six months to study the issues and ultimately provide a comprehensive report to the state legislature, said Denver-based lawyer Garrett Graff, one of several task force members interviewed for this article.
Read the full article in Natural Products Insider.
Garrett Graff is a business attorney who represents clients throughout the cannabis industry on successfully obtaining licenses in numerous states in both competitive and noncompetitive licensure processes. He also represents hemp companies across the country and world on matters including import/export, cultivation, and manufacturing. He can be reached at email@example.com and at 303-292-7901.
About Moye White LLP
Moye White is a full-service business law firm serving clients throughout the United States and internationally, with offices in Colorado and Georgia. The firm provides legal representation to clients in a wide variety of industries offering strategic, business-oriented counsel to public, private, and governmental clients in complex business and real estate transactions and commercial litigation matters.