Hemp businesses encounter a distinct set of challenges and opportunities within the greater cannabis industry. The 2018 Farm Bill’s provisions have stimulated significant growth in the hemp industry, yet the regulatory environment remains complex and challenging. Our holistic approach addresses both immediate regulatory and compliance issues while also focusing on long-term strategies. We are committed to understanding our clients’ products and business objectives, allowing us to provide tailored solutions that foster success and growth in a regulatory environment that continues to evolve.
CBD, the prominent non-psychoactive cannabinoid found in hemp, has gained significant commercial and medical interest. Despite its popularity, it is subject to rigorous regulation, with the FDA maintaining strict control over its use in food and dietary supplements. The legal landscape is further complicated by the emergence of other cannabinoids such as delta-8-THC, hemp-derived delta-9 THC, and THCa, all of which possess psychoactive properties. With regulatory agencies, state legislatures, and the U.S. Congress moving to address regulatory loopholes on hemp-derived cannabinoids, businesses must stay informed and adaptive to remain compliant and competitive.
Additionally, numerous less common or “exotic” natural products have found their way into the food, beverage, and dietary supplement markets. These include Kava, Kratom, and exotic, non-hallucinogenic mushrooms such as Lion’s Mane, Chaga, and Amanita Muscaria. We help clients navigate with federal and state laws regulating the use of these exotic natural products in the stream of commerce.
At Asebey Life Science Law, our experience and expertise in handling these complexities ensures that our clients are well-prepared to meet all relevant laws and maximize their business opportunities in this evolving sector. We provide comprehensive legal support, helping our clients understand and meet regulatory requirements while positioning themselves for long-term success in the dynamic hemp, hemp-derived cannabinoid, and exotic natural product market.