“The category’s too big to fail. The consumer demand is there. The infrastructure is in place. I don’t think that it’s going anywhere. It’s a matter of when and how we get regulated.”
By Mitch Perry, Florida Phoenix
On Saturday, St. Petersburg retailer Herban Flow hosted its third High and Dry Festival, which featured dozens of brands showcasing THC-infused drinks, plus adaptogens, nootropics and alcohol-free libations.
Herban Flow owner Michael Smith says that about 80 percent of sales from his two stores come from hemp-derived THC products, which is why he’s anxious about an impending federal ban on virtually all intoxicating and non-intoxicating hemp and CBD products, effective November 12.
“It’s amazing how many people still don’t know about it,” Smith said. “So many people are now just discovering it and they don’t believe me when I tell them in three months that all of this is going away.”
That possibility began to emerge last November, when Congress passed a spending bill which included a change to the federal definition of legal hemp to a “total THC standard” rather than Delta-9 THC only. Final-form hemp-derived products would be capped at 0.4 mg total THC per container. Translated, that would render
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