UPDATE: The MORE Act is back in 2022.

On April 1, 2022, the U.S. House of Representatives passed the Marijuana Opportunity Reinvestment and Expungement Act (the MORE Act) again. It is proposed federal legislation that would remove cannabis as a “scheduled” drug under the Controlled Substances Act. If the Senate passes it into law, the law would implement criminal reforms related to cannabis, such as expunging prior convictions. The bill also covers taxation, prohibits denying federal benefits because an individual has been criminalized by cannabis use or possession, or because an eligible small businesses is in the cannabis industry [1].


 

In early December, the House of Representatives approved the Marijuana Opportunity Reinvestment and Expungement Act (MORE) in a vote of 228-164. The MORE Act aims to erase marijuana from the country’s list of federally controlled substances. The act would officially decriminalize marijuana on a federal level, opening the doors for entrepreneurs in states where marijuana is currently legal to expand their operations elsewhere.

Although the MORE Act is now set to be voted on by the Senate and hasn’t yet passed Congress, this is still a major win for the cannabis industry and a step closer toward cannabis reform.

What does the MORE Act include?

The MORE Act does not only include provisions that would greatly benefit retailers selling wholesale CBD and other CBD products. It also includes provisions that would automatically expunge criminal convictions to those who have been charged with marijuana-related crimes. Additionally, the MORE Act would place a 5% sales tax on marijuana, which would be used to help fund programs for low-income communities of color, which have been disproportionately impacted by the criminalization of marijuana.

What would passing the MORE Act mean for cannabis?

The cannabis industry has been booming for years, especially in states where marijuana is legal. While certain states have been profiting from medical cannabis and wholesale CBD products with THC levels 0.3% or lower, the MORE Act would open doors wider for entrepreneurs and retailers looking to expand their businesses. Retailers selling CBD products such as CBD gummies, hemp smokes, wholesale CBD, and more, wouldn’t need to keep their business restricted to their current state or other states where their products have been legalized. Instead, they would be able to take their businesses entirely online and sell their products nationwide.

Even better for businesses, the MORE Act would make Small Business Administration loans and services available to cannabis-related businesses, would prohibit the denial of federal public benefits to those who have been impacted by cannabis-related convictions, and would prohibit the denial of benefits under immigration laws to those who have been impacted by cannabis-related convictions.

The CBD industry continues to grow with 14% of Americans using CBD products such as CBD oil and CBD gummies on a regular basis. Delta-8 is gaining popularity too! If you’re looking to get into the CBD industry yourself and need quality wholesale CBD products for your store’s shelves, contact Earthy Now today.

References

  1. https://www.mcguirewoods.com/client-resources/Alerts/2022/4/more-act-advances-congress

 

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The United Nations Commission on Narcotic Drugs has rejected a proposal by the World Health Organization to change the way cannabis is controlled internationally. The World Health Organization recently recommended a change to how cannabis is controlled in two international treaties. The goal of the proposal was to remove international control from CBD preparations with less than 0.2% THC.

The proposal, Recommendation 5.5, would have added a footnote to the international treaty, The Single Convention on Narcotic Drugs of 1961, which prohibits the production and supply of specific drugs. Out of the 53 members of the UN’s main drug policymaking body, 43 countries voted against the proposal, six countries voted in favor, and four countries abstained.

Among the countries who voted against the proposal were the United States and, on behalf of the European Union, Germany. The U.S. and Germany both said the wording of the World Health Organization’s proposal was too unclear to pass. According to Ambassador Gerhard Kuentzle, representative for the EU, because of the way the proposed footnote is worded, it doesn’t exclude divergent interpretations of the footnote.

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What does this mean for the future of the proposal?

The UN Commission on Narcotic Drugs is willing to revisit the World Health Organization’s proposal again at a later date. Ambassador Kuentzle says the UN currently recommends that the proposal be redrafted to include the legal certainty and the necessary solutions for producing cannabidiol. Kuentzle says they welcome more consultation on the appropriate level of international control on cannabis.

Ethan Glick, the U.S. counselor for UN affairs, agrees that the proposal will need to be revised before it can be approved. Legal and procedural grounds were the basis of the country’s dissenting vote, not because the U.S. disputes the scientific basis for the proposal. Glick says it’s not the United States’ position that cannabidiol should be under the control of international drug conventions and that cannabidiol hasn’t shown abuse potential. However, the legal grounds of the proposal will need to be changed to be more specific before it can be revisited.

The proposal’s rejection is still a win for cannabis

While on the surface, the rejection of Recommendation 5.5 may seem like a loss, the reasoning behind the rejection still offers positive implications for the future of cannabis. In the same 1961 treaty, the Commission on Narcotic Drugs (CND) voted in favor of removing cannabis from Schedule IV. This removes cannabis from being internationally controlled the same way as heroin.

What’s more, because the rejection of WHO’s proposal is largely in part because of legal grounds and wording rather than scientific objections, there’s a greater chance the proposal may pass the next time it’s made. Up to 40% of people between the ages of 18 and 29 use CBD oil, CBD gummies, hemp smokes, and other cannabis products. According to Martin Jelsma, the drugs and democracy program director at the Transnational Institute, the removal of cannabis from Schedule IV of the 1961 treaty will give cannabis another boost.

 

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The popularity of cannabidiol (CBD) has increased in recent years as many people have begun to see the benefits: relaxation and, most of all, legality. A recent 2019 Gallup survey revealed that about one in seven Americans have used CBD products. It makes sense then that many retailers are looking to add CBD products to their stores. But how do you go about finding the right whole CBD distributor and what do you need to know about state and federal regulations? Here, we dive into some of the key information you need to know.

How to Choose a CBD Wholesaler

If you’re a retailer, whether in person or online, and you’re looking to purchase bulk CBD or bulk hemp products, the first thing to do is review your state’s specific regulations in relation to the Hemp Farm Bill. If you are in a state such as Florida, North Carolina, or Tennessee you should choose a trusted East Coast wholesaler to provide you with high-quality CBD products. You should also ask yourself where does the hemp come from? Is it natural and organic? Is the pricing reasonable, and is there a top-notch staff to offer advice and knowledge?

Because buying wholesale CBD can reflect your business, it is very important to rely on a trusted wholesale distributor for purchasing all of your bulk hemp products. If the wholesaler is experienced, federally compliant, offers a wide range of products and services, is reasonably priced, and is ecologically sustainable, then the “difference” between Florida hemp and Tennessee hemp is simply where and how you purchase it.

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About CBD State/Federal Regulations

CBD is available in a variety of forms including gummies, tinctures, and smokable CBD flowers or hemp buds. While marijuana usage is still illegal in many states, the Hemp Farm Bill of 2018 distinguished between marijuana and hemp, officially reclassifying hemp for commercial use. The result: a legal division between marijuana and hemp. Because of this, the hemp industry is experiencing an unprecedented amount of growth as retailers nationwide look to purchase wholesale CBD products in bulk.

However, this legislation also dictates that the states themselves can place their own regulations (or prohibitions), on the sale of hemp or hemp-related products. So how do you know if your state has legalized the sale and distribution of hemp or hemp-related products like CBD oil or hemp cigarettes? Some frequently asked questions are: Is Florida hemp legal? Is it legal to buy wholesale CBD products from states such as North Carolina, and have them shipped to distributors on the East Coast?

Florida Hemp, Tennessee Hemp: What’s the Difference?

Many states, such as Florida and Tennessee, stay in line with the Farm Bill in classifying legalized hemp as a plant containing less than .3% THC by weight. Additionally, Florida has not enacted any specific restrictions on the types of businesses that can sell CBD and hemp products. This is great news for wholesalers who want to buy bulk CBD products, especially popular products like bulk hemp flower (which can be used to make hemp cigarettes). But many questions remain, such as where can you buy Florida hemp, Tennessee hemp, or Texas hemp? How do you know that what you are purchasing is of high quality, and comes from trusted sources? By finding the right wholesale CBD distributor.

Earthy Now is the quality CBD distributor you need to help your store take off. To learn more about our wholesale CBD products, visit Earthy Now’s wholesale application today.

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CBD, also known as cannabidiol, is derived from the hemp plant and is the second most active ingredient in cannabis. However, unlike THC, CBD does not get you high but instead reaps some of the medicinal benefits and calming effects offered by the hemp plant. Whether you are interested in selling Texas hemp, Florida hemp, NC hemp, or other hemp products, keep reading to learn about some of the top reasons your small business could benefit from the addition of selling CBD products.

1. Industry growth

A more obvious reason for selling CBD is the huge industry growth CBD is seeing. With more and more states legalizing CBD due to its hailed benefits, there is an increasing demand for CBD and products. Buying products such as bulk CBD or bulk hemp can help you yield maximum profits, especially if you combine what you are currently selling with CBD. For example, if you sell beauty products, consider adding a couple of products infused with CBD. Products like CBD-infused lip oil can be a huge hit due to their effects. With the public acceptance of CBD going up and an increase in the CBD industry, there has never been a better time to start selling products like Texas hemp.

2. Consistent buyers

With many people who use CBD, first-time triers become lifelong buyers. In fact, out of all CBD users, around 28% use CBD on a daily basis. CBD has been said to help with pain relief, stress, anxiety, and many other conditions, which is why customers tend to use it often and repeatedly. Once you start selling CBD, you have a good chance of creating repeat customers who will continue to buy as long as you supply. What’s better than customers that keep coming back?

3. Diversity

Another huge reason why many companies are seeing enormous growth from selling CBD is the great amount of diversity that CBD has to offer. From Texas hemp to Georgia hemp, there are a variety of products available, each of which may offer different benefits. But even more so, there is room in almost every business for CBD. From food and drinks infused with CBD to beauty and skincare products, CBD can be added to just about anything. With consumer demand and the right marketing, CBD can be a great addition to your product line.

Whether or not you have tried CBD or use it on a daily basis, adding it to your business can yield success in many ways. Not only is CBD a fast-growing industry, but it is also extremely popular among consumers, is a great way to have returning shoppers, and comes in a range of forms and varieties, making it accessible to everyone. From Texas hemp to Tennessee hemp, CBD has a lot to offer. What are you waiting for? Give CBD sales a try if you think it could be right for your business!

 

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