Local hemp businesses are feeling the impact of newly imposed regulations by the Virginia General Assembly.
Governor Glenn Youngkin recently amended the original bill to limit the amount of THC in CBD and hemp products to 2mg, a move that has sparked concerns from hemp suppliers.
Derek Wall, the owner of the Buffalo Hemp Company and a founding member of the Virginia Cannabis Association, expressed that the new legislation could take away 70-80% of products currently being sold by hemp suppliers in Virginia.
The new 25:1 (CBD:THC) regulation, while aiming to limit the psychoactive effects of CBD products, is also making it more difficult for retailers to sell products that provide non-harmful highs.
Wall laments that it would prohibit what they are able to do, with his company alone losing a significant number of its products due to the new regulation. While he acknowledges the need to evolve with the changes in legislation, he finds it frustrating that other companies do not abide by the rules.
According to Wall, the new regulation will impact them immediately, and they are hoping that people will transition with them.
The sentiment is echoed by Roanoke resident Celia McCauley-Wittl, who recognizes the need for regulations but hopes that local stores can provide safer options for people seeking alternatives to prescription drugs. She believes that places like the Buffalo Hemp Company add value to the economy and offer a wealth of resources for people who require pain relief or mental health support.
The new legislation, set to take effect on July 1st, has sparked a discussion on the regulations placed on hemp suppliers in Virginia. You can read the bill in its entirety by clicking here.
