Hemp product distributors say demand for THC products in Iowa rises despite new regulatory bill
House File 2605 would cap THC at four milligrams per serving and 10 milligrams per container if it were to become law. It now sits on the governor's desk.
House File 2605 would cap THC at four milligrams per serving and 10 milligrams per container if it were to become law. It now sits on the governor's desk.
House File 2605 would cap THC at four milligrams per serving and 10 milligrams per container if it were to become law. It now sits on the governor's desk.
Following the passing of a bill Tuesday that would limit the amount of THC allowed in products in Iowa, hemp product distributors say there is a rise in demand for THC products in the state.
would cap THC at four milligrams per serving and 10 milligrams per container if it were to become law. It would also make it illegal for anyone under the age of 21 to consume or purchase a consumable hemp product. It would also require those products to have a warning label on them.
The bill now sits on the governor's desk.
Corey Coleman is the founder and owner of Sky High, which sells gummies and drinks. He says he's seen the impact of this bill back when it was first introduced this legislative session.
"Wholesale-wise, we've actually seen like the order size and frequency slow down a little bit," Coleman said.
With the bill now awaiting the governor's signature, Coleman says businesses who order from him are concerned.
"Nobody wants to get stuck with excess inventory at this point," Coleman said.
However, it's the opposite when it comes to selling products directly to people.
"We definitely, I think, have seen the consumers stocking up and taking advantage of sales, knowing that a new regulation is coming," Coleman said.
With several border states having some type of legalization for recreational use, Coleman says this bill becoming law doesn't mean the demand from people in Iowa stops. Some people may just go elsewhere.
"I think any bordering state that has any type of legalization for recreational use, it would make a lot of sense for those businesses to put up billboards and advertise because they're going to get the consumer that's willing to drive and pick up the product," Coleman said.
If the governor signs the bill, the law would take effect July 1.
» Download the free vlog app to get updates on the go: |