AGP Executive Report
Last update: 16 minutes agoHemp Ban Delay: The federal ban on intoxicating hemp products has been pushed to December after a new funding bill, giving the hemp beverage and broader CBD/hemp market a short runway while lawmakers debate a tighter regulatory framework. Industry Shockwaves: A new analysis warns the delayed ban still threatens to shut down about 68% of U.S. hemp businesses, with major tax and retail losses if products get removed from shelves. Compliance Headaches: New Mexico’s seed-to-sale tracking switch is disrupting sales, with inventory and product labeling errors leaving retailers unable to sell large volumes of cannabis stock. Legal Accountability: Cannabis analytics firm Headset Inc. agreed to pay $1.01M to settle claims it improperly received a federal COVID-19 relief loan tied to its cannabis-industry status. Travel Warning: The U.S. State Department reminded Americans that cannabis/CBD products can still trigger arrest abroad—even if legal at home—especially at borders and during transit. Enforcement Updates: Dhaka police reported 476 arrests in anti-crime drives, seizing 36.29kg of cannabis among other drugs. Cross-Border Seizure: Malaysian authorities say an Indian airport arrest stopped a woman carrying 15kg of cannabis hidden in trolley packages.
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