Media Report: DeSantis moving toward vetoing bill that would regulate sale of cannabis products in Florida

Rarely would we agree with Florida on anything never mind De Santis but a regulated market is better than an un-regulated one.

Even if the decision is to be made on the back of two competing industries.

So I’ll have to agree on regulated hemp derivatives but entirely disagree if he shoots down regulated adult use cannabis which it looks like he intends to do.

 

DeSantis moving toward vetoing bill that would regulate sale of cannabis products in Florida

MIAMI – At the same time Governor Ron DeSantis has come out against a constitutional amendment to legalize marijuana in Florida, he is likely to throw an unexpected lifeline to the hemp industry by vetoing a bill that would regulate and limit the sale of cannabis products such as Delta 9, according to four sources familiar with the discussions inside the governor’s office.

If signed into law, Senate Bill 1698 would restrict the sale of THC products, such as Delta 9. It would also prohibit the manufacturing and sale of the increasingly popular and more potent products containing Delta 8 and Delta 10. Hemp supporters have said that if the bill became law, it would decimate the hemp industry, throw thousands of people out of work, and cost the state billions in revenue.

By vetoing the bill, and thereby keeping the hemp industry alive in Florida, DeSantis would be adopting a strategy akin to “the enemy of my enemy is my friend.” According to those familiar with his thinking, DeSantis is counting on the hemp industry to finance the campaign against Amendment 3, which would legalize recreational marijuana for anyone 21 and older.

“It’s been flying under the radar, but he’s going to veto,” said one official, who like others interviewed for this story requested that their name not be used for fear of angering the governor. “The marijuana people are furious, and they are scrambling.”

“There was never a thought the Governor would veto the bill,” said a second source. “But they are now signaling that they are going to veto, and I think it would be fair to say he is leaning toward a veto.”

A third source who supports the hemp bill and is frustrated by the governor’s possible maneuvering, noted: “I don’t know how you can be against recreational marijuana and be in support of hemp. It doesn’t make sense, unless what you are really looking for is money from the hemp industry.”

A spokesman for the Governor declined to comment, noting that they will inform the public when a decision is made.

Although the average person may not realize it, the hemp industry and the marijuana industry are two distinct entities that are bitter rivals throughout Florida.

Source & Read More

https://www.cbsnews.com/miami/news/desantis-moving-toward-vetoing-hemp-bill/

 

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