People often ask whether products made from non-psychoactive extracts of industrial hemp, in particular, tinctures, oils and infusions of cannabidiol (CBD) may be legally produced and sold in the US. Generally, the answer is no. Although there are some exceptions to the general rule, they are not yet enough to support a free, commercial market.
We all know that the federal government has continued to refuse to make the cannabusiness easy. No one is skipping down the path of stress-free commerce—not the growers, the product manufacturers, the dispensary owners or even the consumers; but what does this mean for taxes? The current trend toward not filing tax returns for those in the cannabis industry is both interesting and troubling.
Isodiol is a manufacturer and producer of hemp-derived CBD products. They produce pure isolates and various CBD oils. CBD is federally legal in all 50 states under of the federal Controlled Substances Act (CSA) because for the last 30 years or so, products derived from mature hemp stalks and stems have been exempt.
Heidolph Instruments is a manufacturer of laboratory equipment with a presence in more than 100 countries. It sells equipment to laboratories in pharmaceutical research, cosmetics, biology, bio-fuel, chemical industries and universities worldwide. Recently CBJ had a chat with Michael Bishop at the Portland Indo Expo.
A pioneer in the advertising industry, Lyon Pride Music has the distinction of writing the first marijuana advertisement to air on commercial radio. Their venture started with KGRG-FM, a rock radio station at a community college in the city of Auburn, Washington.
Catching the eye of entrepreneurs nationally and locally, Boise Hempfest, Inc. created an entirely self-sustaining festival. Vendor fees and minimal sponsorship mitigated all costs. Supplemental creative fundraising generated additional revenue that was needed for insurance and incorporation. Fifty-two vendors, with products ranging from crafts to delectables, participated in accommodating over 2000 guests.