The franchise business model offers hemp business owners the opportunity to grow their brand nationally while reducing their startup and operational costs. It offers prospective hemp franchisees the chance to own their own business while benefiting from an established brand and operational system. But a poorly created franchise system or an “accidental” franchise, can expose hemp businesses to the risk of regulatory investigation, litigation, and the loss of key IP such as trademarks and trade secrets. Conflicting state regulations and the lack of significant federal guidance makes franchising a hemp business even more complex.
Attendees will leave this panel with a deeper understanding of the current hemp and CBD legislation and proposed legislative solutions to current regulatory and legal challenges facing the hemp and hemp-derived cannabinoid industries. Panelists will do a deep dive into current legislative proposals, as well as approaches for the 2023 Farm Bill.
Regulating Cannabinoids: A Comparative Analysis of Intoxicating and Non-Intoxicating Models. The focus of this session is to provide an overview of the Farm Bill and dive into a comparative analysis of regulatory models for intoxicating and non-intoxicating cannabinoids across the country.
The 2018 Farm Bill de-scheduled hemp and many cannabis operators and investors fatigued by over-regulation are exploring hemp as an alternative market for intoxicating products. But an unregulated interstate market may be even more risky than potential operators realize. Hemp law experts provide a deep dive on the current state of hemp law and policy, with practical perspectives for operators and their lawyers.