A small selection of products offered by William Goodall, and Katiana Kay, his partner in their CBD online shop Bay Smokes, are shown, Thursday, July 22, 2021, in Sunny Isles Beach, Fla. The two began selling delta-8 products in December with delta-8 quickly becoming a main source of revenue. The chemical, called delta-8 THC, is billed as producing a milder high than the better known delta-9 THC, and delta-8 is often marketed as being legal even where marijuana is not.
“The farm bill in 2018 created a loophole where it allowed growers and manufacturers to create these intoxicating hemp products which might be things like delta-9,” said Jesse Redmond with an organization called Water Tower Research, which works on investor relations.“We’re not of the opinion these things are bad or things people shouldn’t have access to, we just feel there should be a regulated system and be sold to people that are over 21 years of age,” Redmond said.
Redmond said his organization is pushing for more regulations in the hemp industry and want it to have the same regulations as cannabis does adding Gov. DeSantis has opposed Amendment 3 but has not openly opposed an unregulated hemp industry.