As the cannabis industry navigates the evolving regulatory landscape, Delta-8 THC has emerged as a hot topic, sparking both interest and concern.
Kevin Hart, CEO of Green Check Verified and a speaker at the upcoming Benzinga Cannabis Capital Conference, offers a candid perspective on what the future holds for Delta-8 THC and the overall industry.
The Compliance Challenge
Delta-8 THC, a cannabinoid derived from hemp, has garnered significant attention due to its psychoactive properties and legal ambiguities. Hart pointed out that while some businesses see Delta-8 as an opportunity, the lack of clear regulations could lead to severe consequences.
“I think the industry should evolve; I think that they should embrace the rules and regulations instead of trying to work around them,” Hart stated. His warning reflects the uncertainty and risk associated with operating in a gray area of cannabis law.
The Boomerang Effect
Hart was particularly concerned about the potential backlash from improper handling of Delta-8 THC products. He likened the situation to a boomerang, explaining, “This is a boomerang you don't want to try to catch when it comes back.” Hart elaborated that companies investing heavily in marketing and distribution without fully understanding or complying with potential regulations could find themselves in a precarious position.
“To bring these products to market, to launch them, to get them out there, to put all the marketing dollars into branding, and then for them to sit on a shelf or get yanked off a shelf… it's going to come back, and it's going to take off a lot of heads,” he cautioned.
The Broader Implications
While Hart’s comments focused on Delta-8 THC, his insights extend to the broader cannabis market. He emphasized the importance of following regulations to avoid costly mistakes and setbacks. “I just think they're better served doing it right. Offer to do it the right way instead of begging for forgiveness later. That's not going to work,” he said. This advice is particularly relevant as the cannabis industry grows and attracts more scrutiny from regulators.
Want To Learn More?
Perspectives like Hart’s on Delta-8 THC and the broader regulatory environment will be critical to the discussions at the Benzinga Cannabis Capital Conference in Chicago this October. As industry leaders gather to explore the future of cannabis, Hart’s insights serve as a timely reminder of the importance of compliance and the potential risks of navigating uncharted waters.
By addressing these challenges head-on, Hart and other industry leaders aim to steer the cannabis market toward a more stable and sustainable future where growth is balanced with responsible practices.
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Photo: Courtesy of CRYSTALWEED cannabis on Unsplash
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