WHITE HOUSE ISSUES STATEMENT OF ADMINISTRATION POLICY ON HEMP/HR 8646

From our good friends at Policy, Decoded:

The Office of Management and Budget issued a Statement of Administration Policy on H.R. 8646, the fiscal 2027 Agriculture bill, on June 4th, and the cannabis news sits one sentence deep in the budget language. The administration says it supports advancing the bill and welcomes the chance to work with Congress to, at a minimum, update the statutory definition of hemp-derived cannabinoid products so Americans keep access to appropriate full-spectrum CBD while preserving what it calls Congress's intent to restrict products that pose serious health risks. The word doing the work is full-spectrum. Full-spectrum CBD keeps the whole cannabinoid profile of the plant, which means it carries a real concentration of THC, unlike the THC-free broad-spectrum and isolate versions. So this is not the administration asking Congress to strip THC out of hemp. It is asking to preserve THC-containing, whole-plant products while aiming the restriction at the high-dose, intoxicant end of the market, which is a more accommodating position than the early doom read allowed.

Read the entire story here. Download the OMB statement here.