In case you missed our webinar this week, “U.S. Import and Export of Marijuana, Hemp and Paraphernalia”, the replay video is just above. And if you don’t have an hour to spare, below are highlights of what our cannabis and international trade lawyers had to say about the status and pitfalls of the international marijuana trade.
U.S. companies are moving into international cannabis trade
Despite the current financial struggles for many U.S.-based cannabis companies, the international cannabis trade is growing. In particular, there’s a renewed demand internationally for hemp and hemp-derived products. Hemp seeds are seeing more traction on the international trade stage; and following on a Drug Enforcement Administration (DEA) letter last year, some companies have even begun to export seeds that will ultimately germinated into high-THC plants. Furthermore, otherwise illegal drug paraphernalia (under federal law) has been allowed to enter U.S. borders in certain cases.
The 2018 Farm Bill legalized hemp and its derivatives, removing hemp from the definition of “marijuana” pursuant to the Controlled Substances Act. As a result, hemp and hemp-derived products, such as CBD, are no longer illegal controlled substances (so long as they contain no more than 0.3% delta-9 THC)
Read full article on HarrisBricken
