THC

oldschoolczar

Great news for investors! /s The whole THCa debacle could explain the muted response to cannabis rescheduling.  Leaving the THCa loophole could potentially decimate MSOs. The loophole effectively legalizes cannabis in the US and fills in any moat that MSOs have.  I’m starting to see THC drinks advertised all over Instagram.

IllAd7445

A cannabis company should come out with a product that is THC chew pouches like Zyn 

GeoLogic23

Hemp drinks and alcohol are being sold at the same places. These are THC beverages that can be distributed nationwide. https://mjbizdaily.com/us-liquor-retail-chain-to-deliver-thc-drinks-nationwide-for-4-20/

TradingAllIn

Jones soda would be a genius distribution sneak play. They are on shelves across the entire US, so buying them lets you be as well. Alcohol/THC based stuff may not all be allowed at every location they get a foothold in, but everything else will. Huge win if Tilray bought out Jones just for that, not to mention its tasty damn soda too.

mr_molecular

> Marijuana contains at least 560 identified natural constituents, including 125 compounds classified as cannabinoids. Most major cannabinoid compounds occurring naturally in cannabis have been identified chemically, but new and minor compounds are continuously being characterized. > these differences can result from differences in harvest location, growing conditions, the season in which the marijuana is harvested, and the manner in which the marijuana is processed, handled, transported, and tested. The potential for high variability of marijuana and marijuana-derived products, both in product composition and impurity profile, is a major consideration for the potential variability of drug effects and safety. > In short, marijuana has hundreds of chemovars containing variable concentrations of Δ9- THC, cannabinoids, and other compounds. As a result, in evaluating whether to recommend that marijuana be rescheduled, HHS focused to the greatest extent possible on wide-ranging substances derived from cannabis plants that are vehicles for the self-administration of Δ9-THC as the key biologically active substance on which the CSA’s current definition of marijuana is based. > Additionally, the non- cannabinoid components in marijuana may potentially modify the overall pharmacological and toxicological properties of various marijuana strains and products. **DEA anticipates that additional data on other marijuana constituents, routes of administration of marijuana, and the impact on ∆9-THC potency may be appropriate for consideration.** IMO, since hemp can contain all of the other constituents at the same levels as marijuana and is fully descheduled. The composition of all other constituents must be disregarded or hemp must be redefined.

RandomGenerator_1

Some short conclusions after reading the proposed rule: - marijuana as a whole is rescheduled, defined as more than 0.3% of containing delta9 thc. So hemp stays seperate under the Farm Bill - Natural Delta9 thc is also explicitely scheduled under 3. - focus on delta9 THC as being the only cannabinoid with abuse and risk potential - registration of manufacturers/manufacturing will be necessary, so ...licenses I would pressume - import / export permits necessary due to delta9 thc - a drug containing a substance within the CSA’s definition of “marijuana” would need FDA approval to be lawfully “introduce[d] or deliver[ed] for introduction into interstate commerce,” unless an IND is in effect for that drug - all the prohibitionist arguments are compared to alcohol, tobacco and other schedule 1, 2 ,3 substances...and surprise, marijuana comes out favorably And this text is like a selling point for pharma to do more research: "In the brain, CB1 receptors are expressed with highest density in the cortical regions, hippocampus, basal ganglia, and cerebellum and with lowest density in brainstem and hypothalamic areas. The localization of these receptors may explain cannabinoid effects on movement coordination, memory, and cognition. Additionally, CB1 receptors are found in glial cells as well as in the immune system. However, the concentration of CB1 receptors is considerably lower in peripheral tissues than in the CNS. CB2 receptors are found primarily in the immune system, including in numerous leukocyte cell types, as well as in activated CNS microglia. Additionally, there is some evidence that CB2 receptors are localized in the brain, primarily in the cerebellum and hippocampus. "

woman-ina-mansworld

If this happens., only a dr prescription to real pharmacist would be acceptable. In other words, no more medication home in prescription cards and those head shops that were ringing it in will be shut down.., not to mention that your Walgreens , CVS and such won’t carry THC products…unless Pfizer and the likes get into the market and that’s the play imo

VicTheSage

Farm Bill made that shit straight up legal. Regular THC edibles and all manner of secondary cannabinoid vapes are sold at every gas station and smoke shop in my area.

maxmcleod

THC in food and drink is going to be a huge market when it's legalized... imagine a coke with THC that would be awesome!

SirkutBored

it will certainly make it easier for those politicians who wouldn't touch it because it was schedule 1. There's a lot of things still in play here and Congress will have to take action on some of it, quite possibly during a lame duck. here's the long and short of it, talk amongst your peers and then talk to those both older and younger. Ask if they would prefer to vape, eat a gummy or drink a THC infused drink instead of alcohol and see what they say.

Throwing_Horns

They are not completely different markets. Although they are often marketed differently. Look at Charlottes Web, this is the official CBD brand of Major League Baseball. [British American Tobacco owns a big chunk of CWBHF. ](https://www.prnewswire.com/news-releases/charlottes-web-announces-us56-8-million-investment-from-bat-301678154.html)British American Tobacco also owns a big chunk of Canada's Organigram. Organigram produces it's own CBD products as well as an array of THC/other cannibinoid products. They are I'm expecting a lot of M&A activity this year. The Farm Bill should be a fun one to follow this fall.

mr_molecular

>Types of Marijuana to Be Rescheduled >This rescheduling of marijuana would apply to marijuana as listed in 21 CFR 1308.11(d)(23). The rescheduling also would apply to marijuana extracts as defined in 21 CFR 1308.11(d)(58) because they meet the statutory definition of marijuana and, prior to 2017, were included in 21 CFR 1308.11(d)(23). See Establishment of a New Drug Code for Marihuana Extract, 81 FR 90194 (Dec. 14, 2016). In addition, this proposal would apply to Δ9-THC derived from the marijuana plant (other than the mature stalks and seeds) that falls outside the definition of hemp, because it meets the statutory definition of marijuana. This proposal would not apply to synthetically derived THC, which is outside the CSA’s definition of marijuana. Those tetrahydrocannabinols that can be derived only through a process of artificial synthesis (e.g., delta-10-tetrahydrocannabinol) are excluded. HHS provided a recommendation only relating to “marijuana” as defined in the CSA. That definition is limited to the plant (other than the mature stalks and seeds) and derivatives of the plant. Therefore, synthetic THC will remain in schedule I. This rulemaking would not affect the status of hemp (as defined in 7 U.S.C. 1639o), because hemp is excluded from the definition of marijuana. This rulemaking is not proposing to reschedule any drug product containing marijuana or THC that previously has been rescheduled out of schedule I (e.g., Marinol and Syndros). Nor does it impact the status of any previously scheduled synthetic cannabinoids. Really happy to see synthetics like delta8 and delta10 are excluded.

mr_molecular

Proposed rescheduling includes botanical marijuana, extracts and delta9 THC from marijuana, but excludes all synthetics like delta-8 and delta-10. That’s a good sign heavier regulations for hemp cannabinoids are coming.

RandomGenerator_1

Highlights from the conf call: 17 million cash 3 million debt And full ownership of all the properties (realty and other assets). Enough cash for accretive M&A, many possibilities. But they are cautious and thorough in due dilligence. Germany, Australia and US all point to more need for medical pharma grade cannabis. Company invested many years in the foundation for significant global growth. Capabilities: quality system, licensing, GMP facilities, IT infrastructure, clinical trial capability, R&D, establishment license, Big Pharma partnerships, and global footprint and infrastructure. Specifically to position Medipharm to benefit from "the very trend we now see emerging". Partner of choice for Pharma, who are looking to enter the cannabis space. "We've been approached by several international companies for support with quality focus and GMP production and supply." In the last months we've signed a numer of B2B agreements, including a global pharma company. Australia, Germany, Brazil: already see increases in sales. Big pharma partner in Brazil will help with further uptick. US: Medipharm is only purposebuilt establishment with a DEA establishment license and FDA inspected site. Short term: be go to partner for cannabis research in the US Long term: have the advantage with expected stronger FDA regulation and offer products the quickest Q&A Opportunity of S3? Short term: "There are more and more calls for funding to do research into cannabis. There are not many providers in the world who can make a THC product that is GMP compliant, that the FDA will allow. With one trial we are currently doing it's 500 000 usd in revenue. So imagine 10 trials, with great margins. "We have more than enough capacity." Little competition. For the current trial with California we are the only company that met all their requirements. Long term: we see that this opens up new conversations into legislation. We think that CBD will fall under the guidance of the FDA and they will treat it as a nutraceutical product, commonly referred to as a dieterary supplement. That would allow everyone to fall into those regulations. We have those licenses today. Those channels are already open for us.

bcollie87

How's that THC breathalyzer coming along?

oldschoolczar

Shut it down! It’s ridiculous. Marijuana has effectively been legalized nationwide and it’s going to hurt MSOs. I don’t understand why people aren’t more frustrated by this. A lot of the great herb I get in Colorado could be sold as “hemp” if it’s tested before curing. The THCa has not decarboxylated to d9-THC prior to curing. Regular high-potency cannabis is being sold as “hemp” across the country by the sheer fact that they do early lab testing. 

phatbob198

He's pointing out that it has already been happening. It can be a confusing topic, but Delta 9 can be either hemp-derived [containing <.3%THC (and any amount of THCa)], or Delta 9 can be *non*-hemp-derived ("normal weed" containing >.3%THC).

Moonshot_42069

How much biomass would they need to grow to extract enough delta 9 from a less than .3% THC hemp plant. The states will throw a fit if they don’t get their delta 9 taxes.

GeoLogic23

Reposting from the daily because it's more relevant here: Was just reading OGI's earning's call. A few things just regarding strategy to note. **They talk multiple times about the hemp-derived beverage and edible space. When talking about Open Book Extracts:** *"Through this investment, Organigram stands to gain invaluable insights into the U.S. landscape by leveraging OBX's extensive experience with key players in the U.S. cannabis market."* * OBX has lots of Acreage/Canopy connections *"Moving forward, we expect to collaborate with OBX on product launches in the U.S., capitalizing on the explosive growth of the hemp-derived THC market for edibles and beverages."* **They also talk about the new nano-emulsion technology they are working on:** *"You've heard me speak about the nano-emulsion technology that is being worked on....the patent-pending nano-emulsion technology aims to unlock...."* *"The nano-emulsion production equipment was recently transported to Organigram's Winnipeg facility in April, and the company is preparing to scale up production and sales for these gummies in the fall."* * I think this is the CBD tech I've talked a lot about recently, being launched by [Trait Biosciences](https://traitbio.com/distilled/). They are another of BAT's investments, like Open Book Extracts. * OGI has a 50% market share of CBD gummies, so this makes sense **Later on in questions, more hemp-derived and emulsion discussion:** “….we're very excited about the hemp-derived THC market for ingestibles, for both beverages and for edibles.” “What excites us about this is the direct-to-consumer opportunities that you could move products across state lines.” “We see the opportunity of using the nano-emulsion technology that we're developing in some of the products that we take to the market in the U.S. at some point in the future.” **Regarding distribution in the US:** “So nothing in the short-term in terms of using the BAT distribution network, we'd be looking at how OBX is getting products out. We'd be looking at other partners that we could leverage.” * I feel like OGI might partner with Tilray for distribution. They have multiple strong connections including Beena/Irwin and Tilray/CWEB deal. * Tilray has also talked recently about the potential of the hemp-derived market * I had a theory that everybody was going to [use Southern Glazer's](https://www.reddit.com/r/weedstocks/comments/1cnqzkm/comment/l3dbze3/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button) for distribution in late 2022, but I think Southern Glazer's had some issues. Canopy was also signed with Southern Glazers early on. * One of the top things Tilray highlighted with their AB InBev purchase was [access to their distribution channel](https://tilray.gcs-web.com/news-releases/news-release-details/tilray-brands-announces-agreement-acquire-eight-beer-beverage).

GeoLogic23

Was just reading OGI's earning's call. A few things just regarding strategy to note. **They talk multiple times about the hemp-derived beverage and edible space. When talking about Open Book Extracts:** *"Through this investment, Organigram stands to gain invaluable insights into the U.S. landscape by leveraging OBX's extensive experience with key players in the U.S. cannabis market."* * OBX has lots of Acreage/Canopy connections *"Moving forward, we expect to collaborate with OBX on product launches in the U.S., capitalizing on the explosive growth of the hemp-derived THC market for edibles and beverages."* **They also talk about the new nano-emulsion technology they are working on:** *"You've heard me speak about the nano-emulsion technology that is being worked on....the patent-pending nano-emulsion technology aims to unlock...."* *"The nano-emulsion production equipment was recently transported to Organigram's Winnipeg facility in April, and the company is preparing to scale up production and sales for these gummies in the fall."* * I think this is the CBD tech I've talked a lot about recently, being launched by [Trait Biosciences](https://traitbio.com/distilled/). They are another of BAT's investments, like Open Book Extracts. * OGI has a 50% market share of CBD gummies, so this makes sense **Later on in questions, more hemp-derived and emulsion discussion:** “….we're very excited about the hemp-derived THC market for ingestibles, for both beverages and for edibles.” “What excites us about this is the direct-to-consumer opportunities that you could move products across state lines.” “We see the opportunity of using the nano-emulsion technology that we're developing in some of the products that we take to the market in the U.S. at some point in the future.” **Regarding distribution in the US:** “So nothing in the short-term in terms of using the BAT distribution network, we'd be looking at how OBX is getting products out. We'd be looking at other partners that we could leverage.” * I feel like OGI might partner with Tilray for distribution. They have multiple strong connections including Beena/Irwin and Tilray/CWEB deal. * Tilray has also talked recently about the potential of the hemp-derived market * I had a theory that everybody was going to [use Southern Glazer's](https://www.reddit.com/r/weedstocks/comments/1cnqzkm/comment/l3dbze3/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button) for distribution in late 2022, but I think Southern Glazer's had some issues. Canopy was also signed with Southern Glazers early on. * One of the top things Tilray highlighted with their AB InBev purchase was [access to their distribution channel](https://tilray.gcs-web.com/news-releases/news-release-details/tilray-brands-announces-agreement-acquire-eight-beer-beverage).

GeoLogic23

For people suggesting Democrats put poison pills in SAFE, just look at what the GOP were trying to do when they had control. https://mjbizdaily.com/key-senate-leader-signals-major-changes-to-cannabis-banking-bill-dimming-prospects-for-significant-reforms-in-2020/ "Among other things, the Idaho Republican is considering a **2% THC potency cap** on cannabis products for businesses to be eligible for financial services" **They were literally trying to turn SAFE into a bill that only helped the hemp industry.** "Crapo’s announcement outlined other possible changes to SAFE including: Preventing banking for companies that produce edibles and high-potency THC vape products."

MarijuanaGrowGroup

He’s talking to you through his videos. THC. It’s weed you nerds. Watch the other ones too. https://preview.redd.it/yv9czf06u90d1.jpeg?width=1290&format=pjpg&auto=webp&s=2d767d0628fad997fba5346dadd8b8a9e79554a4

Icankickmyownass

The whole rescheduling thing, will this allow regular ole pharmacies to get “scripts”? Seems like a big headache with DOT and states, not well versed on if this helps with cash flow b/c of what already exists. Legal states can already accept debit/credit cards (mine anyway) none of these companies are selling product in my dispo’s. Privately owned money makers. State determined how many and “lottery” system. They sell eachother’s products and keep the prices high. Bank in Oklahoma will allow you to bank with them/loans already lol. Population 35k city with 70+dispos and equivalent grow ops. THCA kinda weird even though it converts to THC when lit (can legally order online in most states b/c of 2018 Farm Bill. THCA = good to go, THC > like .xx something perfect = illegal. No high from eating THCA unless baked. Fuck this whack shit, it’s seed/grow time and/or back to the black market. People will see

GeoLogic23

Yep it's still a significant issue. There are two ways they are hoping to alleviate this in the upcoming farm bill. First they are hoping to separate industrial hemp from cannabinoid hemp, in regards to testing requirements. That way if your fiber or seed oil hemp has a slightly high THC content it's ok because it's going into industrial uses, not getting consumed by humans for its cannabinoids. Sometimes even good industrial hemp will test hot if it gets a little too much direct sunlight. Time and temperature will slowly convert that THCa into THC. So I think as long as you are growing approved hemp varieties for industrial purposes, you should be exempt from cannabinoid testing. Second they are hoping to increase the limit for what is defined as hemp to 1% THC. This would really help the hot testing issue. That could also make the hemp derived Delta 9 edibles/beverage space a lot more financially viable, since they'd need less hemp mass to extract the same amount of delta 9.

GeoLogic23

Yes there's a chance, but there's nothing about that in the current framework. Given how many insiders seem to be shifting to hemp derived Delta 9 edibles and beverages, I feel like at least that "loophole" is staying open. I think Delta 8 gets closed purely because the DEA can do that on their own, because it's being synthetically derived. THCa is a big question mark. I feel like it'll end up being left to each state to regulate on their own, but there's always a chance we'll see federal action. I can't imagine the Republicans acting in a way that will hurt "hemp" and help "cannabis" though. Texas is the big prize here. They are big into supporting hemp. Does the entire Texas market end up selling exclusively <0.3% THC products, while also being a hub for interstate commerce of THCa flower. Idk. I think that's a possibility though.

GeoLogic23

What do you think is a normal THC vs THCa content, for a "basic cannabis plant"?

Many_Easy

I’m just saying that cannabis as we know it is not federally legal. I’m just talking basic cannabis plants with higher THC.

xboxpants

In additional to medical THC cannabis, I also use low-THC CBD strains from some online farms. I've seen some of those farms talking about how they definitely struggled with this issue when starting out, and had to burn a lot of crops. I believe it's still a problem that comes up from time to time for them.

GeoLogic23

Yes the point that all cannabis is mostly THCa is one of the primary things I'm trying to explain to people. However most batches you get from MSOs are higher than 0.3%. Some are not. It's hard to consistently produce that. Just like hemp, if they test hot that crop would be a total loss and all get burned. I'm concerned that the seeds for strains that are legitimately stable, and able to consistently produce federally legal products, are currently being developed by big ag and big tobacco, etc.. BAT via OGI just invested in Phylos recently, and BAT is probably the largest company openly focused on hemp and CBD. CWEB (part of the BAT/OGI network) was the first to patent a hemp strain in 2019 with <0.3% THC. https://www.cannabisbusinesstimes.com/news/stanley-brothers-charlottes-web-cbd-hemp-plant-variety-patent/ "In 2014, one year after the debut of Weed, the Stanley brothers committed to keeping Charlotte’s Web beneath the 0.3-percent THC threshold—effectively developing it into a hemp cultivar." "In the public documents, Stanley described a plant type capable of producing 6.24-percent CBD content and 0.27-percent THC content." "And as we’re seeing with the 2019 harvest season, “hot” crops are a major problem in the industry. Crops that test above that 0.3-percent THC limit must be destroyed, according to most state statutes, and so one of the important educational trends in the business right now is to identify reliable hemp varieties that won’t leap past that threshold when it comes time to test and cut the crop. As the industry matures over these next few years, it may come to pass that clone stock becomes a more vital part of a grower’s arsenal"

xboxpants

I am shocked to hear there are strains with THC and THCa at near the same levels. If that was the case, you wouldn't even have to smoke it, you could just get high eating raw flower. Can you share which strains those are?

xboxpants

There is no need to come up with new strains. I have an eighth of one of the strongest strains in my state from Garcia (a Liberty brand, same as Strane), sitting right next to me. It has 31.2% THCa and only .28% THC. This is just how cannabis is. If there were strains with high THC instead of THCa, you could just eat them and get high. Cannabis naturally contains hardly any THC. What's the highest % THC you've ever seen on a strain? Do you have a theory about why the large, legitimate companies aren't already selling all of their strains nationally online, like you see with so-called "THCa" vendors?

skyplt29

I suspect many do not understand the differen e between CBD and THC.

Miserable-Fact-6668

I thought THC could be synthetically made.

GeoLogic23

"0.3% for THC in almost any context is not federally legal **or what consumers demand**." I think this comment might mean you are still confused at what the difference is between THC and THCa?

GeoLogic23

It is federally legal. If it contains < 0.3% THC. It can have as much THCa as you want. Do you see any federal agencies cracking down on the MANY companies shipping THCa flower all over the country? Not to mention all the people shipping hemp-derived delta 9 edibles/beverages because they also fall under the <0.3% THC threshold. So yes, federally legal. Also I'm not doubting Schedule 3 is happening. Idk how you got that from what I said.

Many_Easy

This sounds much more “conspiratorial” than it probably is or needs to be. Cannabis is either federally legal or it is not. It’s not. R&D and basic competitive business practices is not “stealth.” It’s just business and capitalism. Big AG and Monsanto are no different than cannabis companies - they all want to make money. 0.3% for THC in almost any context is not federally legal or what consumers demand. S3 has already a thing - don’t know why there’s doubt. It’s happening.

GeoLogic23

Reposting from yesterday due to some issues. With the THCa / THC conversation, I'd also like to say that I'm worried this is a way that big ag like the Monsanto's of the world are stealthily positioning to own cannabis. **Who owns patents/IP on cannabis strains that have been stabilized to consistently product high THCa while keeping THC to a minimum?** If Republicans refuse to close the hemp loopholes from the 2018 Farm Bill, they have effectively legalized cannabis, but only for <0.3% THC products. My understanding is that it takes a few years to stabilize strains and stuff like that. You have to consider that the 2018 Farm Bill loopholes may have been intentional, and used as a way to provide big ag the opportunity to quietly develop and patent the seeds that will be the only ones federally legal throughout the US. They would need a few years to do this, which would give Congress incentive to essentially just delay all cannabis legislation until the 2024 Farm Bill. Back in 2019 we had Phylos Bioscience get into a lot of hot water when they were caught essentially saying this was the plan. They had been accumulating a lot of cannabis strain IP. [Phylos Bioscience causes cannabis industry disturbance in Big Ag video](https://mjbizdaily.com/phylos-bioscience-causes-cannabis-industry-disturbance-in-big-ag-video/) * *In the video, Holmes boasted how Phylos had a “really huge lead” because it had been collecting cannabis data and intellectual property for four years.* * *“By the time (the Big Ag companies) do get here, we’ll be releasing outrageous new cannabis varieties every few months,” Holmes said. “We’ll have a foothold they can unseat us from, but it* ***will take them three to four years to build what we built.****”* * *He also spotlighted* ***Phylos staffers who had worked for Big Ag*** *companies Syngenta and the former DowDuPont.* * *“****Having these guys around is critical for us because we’re building a company that is*** ***ultimately going to be acquired by that universe***,” Holmes told the room.\* Not only that, but the shift from Schedule 1 to Schedule 3 may have implications for this as well. [Cannabis genetics and how companies can protect intellectual property](https://mjbizdaily.com/how-cannabis-companies-can-protect-intellectual-property-in-the-wake-of-the-phylos-bioscience-uproar/) *The one catch?* ***As long as cannabis remains a Schedule 1 controlled substance, it will be difficult to obtain a patent from the U.S. Patent and Trademark Office (USPTO).***

mr_molecular

Isn’t hemp THC level certified 30 days before harvest? Growers aren’t allowed to collect their own samples. I don’t think any MSO is allowing an outside agent to collect hemp samples from their grows and I’m pretty sure no marijuana THC levels are measured before harvest. How many MSOs are even licensed to grow and manufacture hemp?

Many_Easy

Remember Trulieve wants other cannabis companies in Florida to also contribute and raise funds to fight anti-cannabis groups and governor in relation to Florida legalization vote. Hemp vs. THC 280e issue/“trick” not something that could be hidden for long from competition.

BonerSquidd316

Labeling (and THCa conversion) varies state to state. Most states have a 1:1 ratio of THC to THCa on the label. Connecticut for example uses a .87:1 ratio “to account for the burnoff that occurs” during conversion. States are  basically just out here making shit up as they go, but those existing loopholes will most likely be closed as more legislation is passed. They’re finally figuring out the proper verbiage relating to the plant. 

Many_Easy

I don’t think Trulieve’s tax refund strategy is anything magical, proprietary, or a “secret sauce.” **I believe their tax refund strategy is related to possible mismanagement by their prior CFO that they are suing for submitting numerous and non-business related personal expenses.** If related solely to classification of hemp vs. THC argument, I would think they would not have been so secretive about it and would have shared with cannabis industry.

GeoLogic23

THCa is converted to THC when heated. It's the THC which gets you high. It's why if you just ate flower from the dispensary it wouldn't do anything to you (it is mostly THCa). But if you've ever made an edible you know you have to heat up your cannabis to a specific temperature along with a fat for it to mix with. A classic one being putting some peanut butter and cannabis on a cracker and baking it for a little while. Heating it up converts the THCa to THC, and that cracker will now give you intoxicating effects.

OmEGaDeaLs

There's a current loop in the farm bill though where people are extracting less than .3% THC from hemp and then compounding that to sell product. At least that's the way I understand it. Look at cookies website. They are technically not allowed to sell this high THC but they are because it's thca and not THC. https://thca.cookies.co/

OmEGaDeaLs

What's the difference between THC and THCA is one hemp and the other cannabis?

SuzyCreamcheezies

Not sure if you saw my edit. It seems like THCa-forward cannabis would be a very specific strain… something that growers would need to plan for ahead of time vs. looking through their books for weed that *might* have had low-levels of THC. No?

GeoLogic23

I think Curaleaf lists it as THCa and then "THC" as in "total THC". Like I see a product listed as 27.8 THCa / 27.8 THC That second number would be THCa + THC, and you see those values being close to the THCa value because the actual THC is in very small quantities. If that weren't the format they were using that would mean they have flower with like 50-60% THC, which is not a thing (except concentrate-infused products). You really need to look at the actual labels on the products (I know you can't personally) to get the real breakdown of the cannabinoids. Also Canada probably doesn't care about the distinction because that they don't have this "hemp" vs "cannabis" issue.

SuzyCreamcheezies

I’m Canadian, so I have no reference point for MSO weed. Our products simply list THC and CBD content. I just had a look at the Curaleaf site. Any flower that lists THC and THCa separately seems to have a near equal level of both… certainly not nearing <1% numbers. The Trulieve site just lists “THC.” I’d be curious to know whether <1% THC cannabis (that isn’t CBD forward) is and outlier or the norm.

GeoLogic23

No idea about 1-3, so I hope people with more knowledge on this type of issue could dig into it. Regarding #4, people are still just confusing THC with THCa. Look at a label of flower you recently bought from an MSO. It almost certainly has very little THC while having almost all THCa. My current Trulieve flower is 0.67% THC while being 33.09% THC. I definitely remember commenting before when I noticed I had a bag that was technically hemp.

SuzyCreamcheezies

1. Have they been keeping detailed record on the product they’ve sold going back 5-6 years? 2. Are these records enough proof or is it even legitimate in the eyes of the IRS or whoever will scrutinize that data? 3. Is the cannabis analysis done by MSOs recognized as legitimate by the federal government? 4. Cannabis has been trending towards higher THC levels. How much <0.3% cannabis could these companies actually have sold?

livefromheaven

Something u/GeoLogic23 said a few days I haven't been able to get out of my head all weekend: [https://www.reddit.com/r/weedstocks/comments/1cnqzkm/comment/l3cgsmh/](https://www.reddit.com/r/weedstocks/comments/1cnqzkm/comment/l3cgsmh/) >"Idk if this is anything the MSOs are actually doing, but if I were them I would be looking at all my past certificates of analysis and re-classifying any batch of cannabis that came in under <0.3% THC as federally legal hemp, and claim whatever I sold from that batch should not have been subjected to 280e." In the context of THCa vs THC, how much flower with < .3% THC have MSOs sold since the 2018 Farm Bill was signed into law? If that was legally hemp none of that should have had 280e applied to it and should be refunded.

mr_molecular

After last quarters earnings report, CURA might be better off following CGC’s example. Uplist to a major exchange and name all US assets CURA USA, and let everyone speculate on actual results. >While Canopy Growth will not consolidate the financial results of Canopy USA, the Company continues to expect that it will highlight the value of Canopy USA's U.S. THC assets to investors.

Resi86

So, by law, is THCa not actually classified as THC?

GeoLogic23

Start looking at your labels. Most of the THC in dispensary cannabis is THCa. My current bag of Trulieve flower is 0.67% THC and 33.09% THCa. I'm pretty sure I've commented here before when I noticed my Trulieve flower was "technically hemp". It definitely happens.

michkennedy

On the call Boris mentioned they have been exploring hemp derived THC for 3 years but found it too difficult to create a fully legally compliant supply chain of the size and quality needed. They put the project on ice about 18 months ago, figured out a solution and now plan to relaunch with gummies and drinks in Q3.

oldschoolczar

Maybe some of their CBD strains but I would think MSOs are largely growing high THC herb. 

GeoLogic23

Idk if this is anything the MSOs are actually doing, but if I were them I would be looking at all my past certificates of analysis and re-classifying any batch of cannabis that came in under <0.3% THC as federally legal hemp, and claim whatever I sold from that batch should not have been subjected to 280e.

bananastock

Boris says they will sell Hemp THC drinks H2.

GeoLogic23

One thing I find interesting is that One Hemp terminated their lobbying registration with their only lobbyist on 3/31/24. That lobbyist was David Culver, formerly of Canopy Growth, and whose only client now is the US Cannabis Council First Culver registered with both the US Cannabis Council and Open Book Extracts (BAT/OGI investment) Then he terminated with Open Book Extracts less than 6 months later, and immediately registered with One Hemp (clearly following Open Book Extracts, as they had just helped form One Hemp). Now Culver has terminated with One Hemp after only 3 months, but he has actually joined the advisory board of the primary investors behind Open Book Extracts ([KEY Investment Partners](https://keyinvestmentpartners.com/advisory-board/)). Besides David Culver, who led Canopy's entry into the US as a CBD company, KEY's advisory board also has Canopy Growth's old head of their US THC Strategy. That person's bio says they are currently CEO of a start-up cannabis company that is operating in stealth mode.

slobjones11

"Our initial SKU lineup includes a zero-calorie, lightly flavored sparkling hot water with 3 milligrams of THC under the **Boundary Waters brand** and two flavor-forward sodas with 10 milligrams of THC, one of which is also caffeinated, under our **Hi AF brand**, which, as I discussed last quarter, has been a very successful brand for us in the early days of Maryland's adult-use market, amplifying products with amazing flavors. These beverage products are manufactured by third parties that already have experience manufacturing hemp-derived THC products. And we currently sell these products in our dispensaries and plan to wholesale them to non-cannabis retail outlets throughout Minnesota." [https://finance.yahoo.com/news/goodness-growth-holdings-inc-pnk-155254250.html](https://finance.yahoo.com/news/goodness-growth-holdings-inc-pnk-155254250.html)

slobjones11

Are you kidding? GDNSF is the only MSO making an entry into hemp and/or THC beverages. And they're doing so in Minnesota, which has the most well-accepted hemp beverage market in the country.

RandomGenerator_1

"Our beverages strategy reflects a capital light, low risk entry into this market with low-dose hemp-derived THC beverage products, and provides an attractive marketing opportunity to seed our brands ahead of the launch of adult-use sales in 2025.” They are not alone in this strategy. And I do think they are a bit behind on branding. Wonder how they'll fix that.

defnotIW42

Okay i need to vent. And this on topic since it obviously affects business and thus Earnings/Stock Value. I used some cannabis oil 10% thc 9 days ago, it wasn’t much and i got it from the pharmacy here in Berlin on a prescription. Today i went to do my quarterly blood donation around the corner like i always do with the german red cross. But since i touched a THC product in a 14 day period i was refused. What in the ever living fuck. The doc even said it was ridiculous but she had to abide by their guidelines. Fuck this. The waiting period for alcohol is a FUCKING DAY. I could have gotten blackout drunk on Sunday night and it would have been perfectly alrighty. I could have smoked a pack of Marlboros 2 hours before donating AND IT WOULD BE PERFECTLY FINE. THEY DONT EVEN ASK ABOUT ALCOHOL OR NICOTIN. But nonono, thc is evil and i might kill somebody with my blood if i touch Cannabis before donating. And i fucking dare you red cross boomers to find a single ng of thc in my blood. I bet you my entire Tilray Portfolio. So, i guess until it isn’t just policy that has to change, there is some really fucked old school ruling in the medical field and society as a whole.

LaykeTaco

Long THC. If 700,000 people die in hospitals every year. Why don't we close down these hospitals and prevent those deaths? (つ ͡° ͜ʖ ͡°)つ

Icankickmyownass

All about THCA. When heated above X amount it converts to THC. Most legal states are selling THCA product with barely any THC and even 0% THC. 2018 Farm Bill. You can just buy online in most states as long as THC is under x%. Again, thca converts to thc when heated. I’m not sure if this has to do with how long it’s good for or easier to harvest, but thca is all over flower right now. You can’t eat the buds and get high, this is the new weed

Maxfunky

I'm guessing by your username you might have a vested interest here. By all means ride the hype train up the hill and cash out but don't imagine there's a strong long term prospect for the industry. It's ridiculously encumbered by regulation and trying to compete hemp-derived THC that's legal in almost every state, is in every gas station and is dirt cheap. All your alcohol-alternative beverages and such rely on hemp-derived productss. For the purposes of Food, the larger percentage of the market, cannabis can't and will never be able to compete. There's a cheaper more legal source of THC that's exactly the same and it's taxed only with normal sales taxes. Yeah, some people still want to smoke pot, but that's not the multi-billion dollar growth market you imagine it to be.

TomorrowLow5092

I can get pill form already, in any strength. I received free. THC gummy with delivery. It's unbelievable how many States are anti cannabis. Where are you?

Creative_Ad_8338

CGC has 65M share float but after conversion of 27M shares to Canopy USA exchangeable shares by Constellation Brands, the float is almost cut in half. The result is a significant risk increase on those 10M shares sold short with a 220% short borrow fee. Canopy USA will hold Acreage, Jetty and Botanist as part of their US acquisition deals. Constellation already committed to pushing THC infused beverages once legal reform occurs in US.

Catch_ME

And most people aren't doing hard labor like farming. Exhaustive work does contribute to your THC.

Dolos_Dolus

Trump basically legalized it in 2018. Farm Bill = THC-A.

GeoLogic23

Fantastic article. Everyone should read the whole thing. I appreciate you are always keeping us updated with current events. Just adding in a few sections that aren't copied that I think have some important quotes: *"Based on consumer and marketplace trends,* ***the future of mainstream over-the-counter (OTC) Delta 9 THC consumption appears to be low-dose federally-legal hemp-derived THC products****. We have seen this happening en masse and in real time with the* ***dramatic proliferation of hemp-derived Delta-9 THC (’Hemp D9’) beverages*** *being sold on a very large scale across the United States. This has caused mainstream investment groups,* ***CPG companies, and alcohol distributors/producers to significantly enter the fray, and to capitalize on the legal opportunities****."* *"However, all of this conjecture hinges on the maintenance of the present Farm Bill hemp provisions, which currently make such Hemp D9 products legal, and* ***these products can legitimately be compliant with the .3% Delta 9 THC threshold - especially beverages****. In other words, these sorts of products are* ***expressly legal, and not subject to Controlled Substances Act scheduling****."* *"What is the practical impact of all of this?* ***It makes low dose OTC Hemp D9 products the new adult use****"* *"Under any circumstance, it is certain that* ***large scale CPG producers/sellers, the alcohol industry, and the like will now assert themselves on Capitol Hill regarding the Farm Bill in order to maintain the status quo language*** *— and for obvious reasons."* "To survive, the current **loud voices in the marijuana sector should exhibit broader vision**, and a to desire to **adapt to the existing CPG marketplace**; yet many seek to eradicate the low dose Hemp D9 products from this burgeoning mainstream marketplace."

euxene

brand Glacial Gold has THC pills, game changer!!

Budshawz

Whoops you are correct, it is schedule 1 with one THC drug in schedule 2 and one in schedule 3

mr_molecular

I thought THC was still schedule 1, with the exception of a couple formulated THC drugs which are schedule 2. Do you expect a change in schedule for THC when botanical marijuana is rescheduled to 3?

The_Milkman

Do airports even care anymore if you are carrying around a THC vape?

Inflatable-yacht

Because THC and alcohol products are illegal

phatbob198

Someone will likely have a better answer about MSOs specifically, but I found this: >When a state legalizes marijuana, a company that wants to start cultivation can find itself in an interesting spot: Where does the first legal plant come from? Interstate commerce of marijuana is not allowed becuase it’s still illegal at the federal level. “Yeah, the immaculate conception question,” Graham Farrar, the president at Glass House Group, a cannabis cultivator in California, said when asked about growers getting their first plants in the ground. >Farrar said people he’s spoken with in the industry have funny stories about transporting clones into newly legal states like it’s a salad. “And that salad is a cannabis plant,” he said. Growers can start their cultivation two ways: with seeds or a clone. The transportation of seeds is legal in the U.S., as they don’t contain any THC, the active ingredient of cannabis. But there are problems with starting from seeds, Huffaker said. >“You’re not sure what you’re getting,” he said. “You may be getting male and we’re only interested in female cannabis plants.” The uncertainty surrounding seeds mean many cannabis businesses try to get their hands on a clone of an existing marijuana plant that produces product with which they know they’ll be happy. >“From a legal standpoint, the clone appears in your facility magically and nobody asked questions,” Huffaker said. “From a practical standpoint, it’s being illegally brought across the line to that location. ... You can go to a dispensary here in Denver and you can buy clones, you can take those clones and stick them in a cooler and drive all night and get to where you want to go,” he said. “That is federally illegal. I’m not condoning it, and I’ve never done it, and I never will. But if you’re wondering how it ends up there, that’s how it ends up there.” >Clones can also come from the existing black market in any of the states that have recently legalized, so it doesn’t always have to cross state lines, Huffaker said. After a growing operating gets its seeds or clone, it needs to begin growing. This stage, as with all the stages, will also require turning to regulations. “In certain states, and indeed, Massachusetts, you’re capped at a certain level of canopy that you’re allowed overall,” Wolfe said. https://www.supplychaindive.com/news/weed-legalization-supply-chain-marijuana-cannabis-logistics-cultivation-distribution/588752/

Budshawz

The regulatory environment around being able to develop a THC tincture based off cannabis is unclear also - seeing as THC is still a schedule 2 drug.

K_t_ice

Ok if Pfizer announces they're initiating a Phase I trial of THC, they'll have my attention. Unless something like that happens, and it successfully goes through the process, state licenses companies have no threat of competition from a national, FDA approved medical market.

K_t_ice

No need to clear anything up. There's no confusion on the consumers part between Epidiolex and the CBD tinctures on grocery shore shelves. One you get from a pharmacy if you're prescribed it for seizures, and one is widely available for anyone to buy. Would be the same thing if the FDA approved any THC products.

RandomGenerator_1

From the 2023 FDA guidance on Botanical Drug Development: "However, at this time, botanical raw materials, extracts, and derivatives that contain cannabis or cannabis-derived compounds with delta-9 THC content above 0.3 percent by dry weight remain Schedule I controlled substances under the CSA.10" I think this has something to do with it.

K_t_ice

And is it reasonable to go through all that just to sell a THC tincture to the medical market? Much better path is to pick up state licenses to operate directly.

mr_molecular

Agree, that’s true currently, and there is a proposal in the upcoming farm bill to increase allowable THC to 1%. There doesn’t seem to be any intent by the FDA to regulate it, leaving it up to states.

K_t_ice

A lot of confusion out there about what S3 means. It means the status quo, except 280E is gone and it removes barriers to research. The FDA can approve individual products under S3. If you get FDA approval of a medical product, that gives you legal medical sales nationally. But any biotech investor can tell you what it takes to get FDA approval of something. The Congressional research report on S3 says it's unlikely the FDA will approve cannabis. It's far more plausible for a THC tablet or a tincture to get through the process than flower, which can't be produced consistently enough for the FDA. At any rate, the FDA approval process is long, difficult, and publicly known. So, until a company starts the FDA approval pricess, there's no reason to think anyone but a company that holds state licenses will be able to sell cannabis in the US.

Ice0321

>There is very little known information about what is in cannabis products on the market today. Some studies show that the level of THC, the main intoxicant in marijuana, being sold to consumers today is significantly higher than what was available decades ago, and high THC levels are known to pose more health risks. Maybe one thing to come out of this is standardized testing

Chornobyl_Explorer

Yes and no. While vapes and the like had a *short* moment to shine it fell out of favour before it even took off. Heck, the only reason they were popular in the first place was because it was easier for kids/youths to buy and easier to add illegal (THC) substances. When society (parents) finally realised their kids weren't just smoking water vapour but either weed or tobacco they fell out of favour real fast. And few if any adults want to be seen with them so they're even less popular then classic cigarettes (which still holds a draw to the older generations).

BillysCoinShop

in 2015 a university of Spain already figured out the exact process to achieve 99.99% purity THC using a 9:1 ratio of liquid co2 and ethanol. But concentrate processing is the endgame for most outdoor grow large operations 5000+ plants. Because as you said quality doesn’t matter at all, specifically, bugs honestly. Extremely hard to grow weed outdoors and not have issues with bugs, and spraying can really only be done prior to flowering. I think the industry has actually gone backwards on flower: almost all flower sold today is hybrids that have excellent yield and short flower times. Gone are strains like Kali Mist and other near landrace sativas or indicas because the flowering times and yields are less than ideal. Imagine a flowering time of 180 days vs 55 days. That’s a huge difference to a grower. Which is a bummer because some of those strains were excellent smokes/highs and are impossible to find. I’ve also noticed a drop in quality in top shelf over the last 5 years as commercial grows have started to dominate the landscape. Improper curing, improper flushing, etc. again, as the time from clone/seed to harvest has become optimized, so too has the end product suffered. Like everything there will be a balance. I personally grow top shelf flower in a medium sized operation (1000 plants). We’ve been doing fine, but I’ve been in the industry for 12 years now, and have various patents regarding PH control systems and eduction mixing/doping. Actually building a new system right now for a client of mine. The whole operation is turn key, I pretty much only hire help for trimming and packaging. We grow hydroponically in a greenhouse with supplemental lighting. 5 years ago we installed solar when they had those sweet deals, so the whole op is off the grid. We make money. Are we billionaires? No. Obviously it’s a volume game like any agricultural product, so the top will eventually be a grow of thousands of hectares in Mexico or someplace with cheap labor and land.

Ienjoymodels

Welcome to weedstocks lol. THC does increase the risk of paranoia

mr_molecular

Looks like they intend to increase the total THC limits from 0.3 to 1.0%. They really need to put some realistic limitations on edibles, a 50g brownie could have 500mg of THC. This would be a good time for us to reach out to our senators to ask for common sense regulations for hemp products and point out the hypocrisy of state limits on marijuana edibles at only 10mgs per serving.

ChirrBirry

Concentrate production is the most effective part of the industry as you can collect yield regardless of the quality of biomass and the result is able to be used in a ton of ways. That said, in states like Oklahoma or Oregon where plant canopy way exceeds consumer base, price erosion for THC has made an artificially difficult market. Schedule 3 will come with the ability to conduct interstate commerce so there will be some price balancing. This will help some companies (mostly larger ones) but really fuck up small business is smaller states where a price differently was creating artificial price hikes. Some companies are currently floating on top of a wide net of mediocre activities across multiple states with lots of partnership deals. Other companies are lean and efficient but look bad in the current market because they don’t have the wide net and massive investment capital. Companies like Cresco have really good oil processors but a smaller network. I like investing in them because they are cheap now and ripe to be bought out. Home cultivation is another factor that I think will bifurcate the “industry” and split it into mass production versus regional craft product. There will always be people who prefer buying stuff packaged in fancy containers with cool names, but as home cultivators get better access to their community (farmers market sales, local shelf at dispensaries, etc) there will be a balancing effect on prices. I spent 10 years pushing the envelope of extraction processes and efficiency, seeking quality levels that exceed that of competitors…and I can say with complete confidence that the industry has already hit the maximum ceiling in terms of purity, potency, entourage complexity, flavor, etc. There isn’t much a big company can do to stand out from a talented home cultivator besides repeatability, pricing at scale, distribution network, marketing, and all the things one does to reach customers when your product isn’t actually any higher quality. We can now make 99.99% pure THCa crystals at home. If we get the seeds or breed our own strains we can grow premium flowers in enough quantity to be economically viable for a small group of amateurs. Weed is an agricultural product which will follow an agricultural pricing model as the government stops creating artificial scarcity.

Waitwhat007007

Why can’t a Canadian cannabis company with beverage lines in the US (TLRY) just infuse their beverages when they are in the US? The price of cannabis will be dropping soon and infusing THC into bourbon and beer at the breweries and distilleries would side step importing.

denyo55

What are you talking about not owning any pharmaceutical logistics? 😂 While Tilray was busy inventing THC drinks, ACB has focused on medical cannabis distribution. They have been supplying Germany's medical market since September 18, 2017. ACB has better infrastructure in place in Germany and once they can import recreationally, it's over.

TheFire_Eagle

We took our sweet time before we even allowed pilots to fly with antidepressants in their system. If the science leads us to a THC blood level and a safe threshold? Certainly. But we aren't there today and unless and until we have some solid science behind it, it absolutely needs to remain verboten for those professions.

SalesforceStudent101

If you work somewhere that tests for THC you probably should be investing

gbninjaturtle

My work announced today no more testing for THC Puts on clean piss

MikeMiller8888

Dude, you need to talk to literally anyone that smokes. Or go visit one of the clinics that are everywhere now. There isn’t a black market anymore with stores everywhere. I have literally twenty five different places I can go within a fifteen mile radius. I don’t think this market saturation is that bad everywhere in the U.S., but holy hell there is no fear of anything illegal, cause it’s not illegal. No cops are staking out any of these businesses. No one cares; you show your ID and buy whatever you want. And it is just insanely cheap now. Black market, you paid $50 or $60 for an eighth 25 years ago. Now, you’re getting a half ounce of insanely strong pot (35% THC) for just under $100. Fully tested, sealed in tamper proof packaging. That’s my point. The Feds are so behind the ball here that there is literally no pot consumer left in the U.S. or Canada that doesn’t have ready access to strong, legal pot at prices that are ridiculously low. Banking on increased demand is a fallacy, and that’s why I say, just go ask anyone you know that smokes. And you’ll get the same answer. I had a friend that used to grow out here. He kept cutting and cutting his prices, until he just threw in the towel and stopped several years back. He couldn’t compete; the black market is deader than O.J. He could beat them on price, but not on quality. And if he grew to beat them on quality, he couldn’t beat them in price. The only place federal legalization could increase demand would be corporate purchasing. But there’s just not a lot of them caring about using pot for research when they have Marinol, and the tobacco companies are already heavy into their own investments. We could see a shift into weedboro cigarettes or whatever they want to call them, from clinic purchases. But even then, it would just be a redistribution of existing supply and demand channels. People stop buying from clinics, buy the weed smokes, but would then still consume the same amount. The issue with betting on this stuff is easy; look at all these companies balance sheets. You’d need them to double or triple their revenue to get any kind of real upside movement in their stock prices. Federal legalization just won’t do it when the major population centers across the country are already full of cheap, legal pot.

Jet_Threat_

Lmao, my dude, it is okay to say the Texas laws are backwards when they literally are. A study found that Texas ranks LAST in terms personal freedoms. Here are some facts for you: * You can’t gamble (casinos and sports betting are illegal), you can’t buy alcohol on Sundays, you can’t buy alcohol past midnight, you can’t buy fireworks for most of the year, or smoke weed. * THC oil possession is a felony in Texas and Texas has the harshest cannabis laws in the country * Despite being the 2nd largest state, Texas ranks 37 out of 50 in terms of available public land * Employers can fire you without a reason or cause * Voters can’t place constitutional amendments on ballots * Texas bans more books than any other state (including some very ironic ones like “V for Vendetta,” “The Year They Burned the Books,” and “Native America and the Question of Genocide”). * Over half of Texas public schools teach abstinence-only sex education, and 25% do not teach it at all. Books that mention the word or topic of sex are banned in high schools. * No bodily autonomy, and citizens are encouraged to report on people for helping anyone access abortions * Citizens also encouraged to snitch on parents helping trans kids look into gender care. CPS will be called to investigate, taking resources away from kids in actual abusive situations, which is a major problem. * Civil asset forfeiture…highway patrol can basically take your stuff when they want and good luck getting it back, even if you’re proven innocent. * Few travel/transportation options and Texas can construct loud, crappy highways (with no sidewalks) wherever they want, in spite of homeowner protests. I’m not even gonna get into the state penitentiary system, business/corporate laws, renter/homeowner laws, or the full extent of healthcare, religion, schools or LGBTQ treatment.

Dacammel

The hard part is that weed tolerance is a way bigger thing than alcohol. At the peak of my addiction I could smoke enough to green out someone who has never smoked, and play video games at peak efficiency, and if I wasn’t constantly hitting my pen, 45 minutes later I’d feel sober, but I’m sure I had an insane amount of THC in my system.

Maxfunky

Again this is where I remind you that these legal pot businesses are doing poorly in states where shit is legal. Increasing the number of states does little for them. Their competition, hemp-derived, is a tiny fraction of the cost and gets you just as high. Its legal in almost every system. It can be shipped directly from the Internet. It can even have the same exact active ingredients (it just means that the food portion has to be a bit bigger for larger doses of delta 9). There are no special taxes. It can be as cheap as 50 cents for a strong edible dose. Nobody wants to fuck with the hassles and expense of legal pot when legal hemp-derived THC is so much cheaper and easier.

Icankickmyownass

Markets are weird so idk about that part…but THCA weird and has to reach a certain temp to convert to the thc we all love. Idk if they do it to help maintain longevity/easier to grow but give me the flower I can eat. New shit is whack. People don’t realize it but the Farm Bill opened up doors to THCA. There are strains that barely have any THC and that’s all the farm bill gives a shit about. THCA converts to THC. Check state laws, if they defer to federal you’re good to already order shit you’ll be seeing in dispensaries lol uhh need your paperwork for testing showing the %’s if you’re pulled over. Only a few states have cracked down on this, but the new weed is dif. It’s whack

Ed_McNuglets

Yeah, that's just it, supply is gonna drown this market. So many businesses will get in. Even if you don't grow it yourself. But people will still grow it themselves. Personally I don't even like the heavily produced stuff that maxes out the THC levels. Growing some cheap outdoor stuff in my backyard would fit my use case perfectly. I know I may be an outlier. Anyways, the overhead for weed is a lot lower than beer, idk why anyone is comparing that here. The market will oversaturate quickly.