Proposed CBD Ban Endangers Patients Warns Texas Cannabis Industry Association

TEXAS: Texas Cannabis Industry Association warns that the Texas Department of State Health Services’ (DSHS) is days away from the unprecedented banning of hemp-CBD products in the state of Texas. This would present a blow to the liberty of thousands of Texans who choose hemp-CBD as a general wellness product and rely on it for the natural treatment of serious medical conditions.

DSHS Commissioner John Hellerstedt has put forth a “Proposed Inspection Protocol” that states all products containing hemp-CBD will be seized from store shelves across the state and either returned to the manufacturer or destroyed.  Commissioner Hellerstedt has given the public until April 16, 2018 to provide comments. DSHS will then decide whether to begin enforcing the ‘Protocol.’

Hemp-CBD is a non-psychoactive compound that even the World Anti-Doping Agency (who oversees the planet’s most-elite athletes) has removed from its banned list. Not only is the DSHS proposal detrimental to thousands of locals whose lives are improved by these products; it is also disastrous for the Texas companies and entrepreneurs who have invested to build out hemp-CBD businesses.

In addition, the legal grounds on which DSHS purports to have the authority to do this are highly-questionable. The TCIA Board of Directors has submitted a one-page executive summary of those legal concerns. TCIA’s General Counsel (Richard Cheng of Dykema Cox Smith – a firm with a national cannabis practice and Texas offices) has submitted a position paper detailing why this state agency cannot lawfully proceed.

The Hemp CBD Market Projected To Surge

NEW YORK: According to a recent report by New Frontier Data, the Viridian Cannabis Stock Index gained 236.1% in 2016 and outperforming such mainstream indexes as the Russell 2000 (up 19.5%), the Dow Jones Industrial Average (up 13.4%), the S&P 500 (up 9.5%), and the Nasdaq composite (up 7.5%). New Frontier Data also reported that legal cannabis sales in California alone are projected to reach $2.8 billion in 2017 and $6.6 billion by 2025, with a compound annual growth rate of 12% over the next eight years. Medical cannabis products are now legal in 29 states and Washington DC.

A significant portion of the total legal cannabis market is the CBD market. Cannabidiol (CBD) is the part of the cannabis plant that is usually used for medical purposes, and is a natural component of industrial cannabis or hemp. Growth of the medical cannabis market is expected to accelerate as the products become more popular treatments for various medical applications such as chronic pain, post-traumatic stress disorder (PTSD), sleep disorders, anxiety, nerve pain and others.

Bethany Gomez, the Director of Research at Brightfield Group said, “Essentially everyone is trying to do hemp, but only a handful are doing it well. It’s seen as easy because it can be sold online but, with restrictions on traditional marketing, it is very difficult to connect with your core consumer and even communicate why they need your product,” Forbes reported.

Pharmacist Launches New CBD Company, Honest Herbal; Takes Top Honors in DOPE Competition

COLORADO: Kristy Redmon, Honest Herbal president, founder and a registered pharmacist, announced that the company is the recipient of two DOPE Cup Colorado awards. The full-spectrum CBD hemp company placed first in the Best CBD Edible category for its capsules and took second place for Best Transdermal Cream.

“We were thrilled to have our products recognized in the DOPE Cup competition,” said Redmon. “As a new company, we had no idea what to expect. To have won a first and second place was an honor and an affirmation to our philosophy of providing consistent, fully tested and trustworthy CBD hemp products.” The awards are especially impressive as they come just a few months after Honest Herbal’s official launch.

All of Honest Herbal’s products are pharmacist formulated from cannabinoid rich industrial hemp, making them legal in all 50 states. Honest Herbal’s in-house breeding program has produced strains of CBD flower that are high in CBD yet low in THC. The results are products with all the beneficial health and wellness properties, yet without the psychoactive elements inherent in cannabis, with which most people are familiar.

Honest Herbal offers CBD Hemp Oil Capsules available in strengths of 12.5mg. and 25mg. For pets or those who prefer a liquid form, Honest Herbal offers a 30ml CBD Hemp Extract, complete with a calibrated dropper for accurate dosing.

Honest Herbal’s CBD Muscle & Joint Cream is a transdermal formulation that is easily and quickly absorbed through the skin and is one of the most potent CBD topicals in the industry. Consumers can also take advantage of the company’s luxurious and nourishing CBD Infused Hand and Body Lotion that can be used every day.

Honest Herbal grows, processes, and produces its entire product line giving the company the unique ability to ensure the quality of its products from their inception all the way to store shelves. Wholesaler inquiries are now being accepted on the company website.