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Regulatory Update

The complex legality of delta-8-THC

DEA classifies delta-8-THC-O, delta-9-THC-O as controlled substances.

By Steve Schain Esq.

Although forming America's sixth largest crop yielding 48.8 million pounds of flower and $27 billion in legal sales annually, marijuana’s plunging price-per-pound and the availability of cheaper, unregulated hemp-derived tetrahydrocannabinol (THC) products is confounding the cannabis industry.

Whether cultivated indoors, outdoors or in a greenhouse, over the past two years cannabis wholesale price-per-pound has dropped 40% nationally, curtailing production and crashing businesses across legalized marijuana’s supply chain. 

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