The Colorado Senate has passed SB24-158, a bill that significantly tightens regulations on social media content related to cannabis, psychedelics and hemp products. This bill, which has sparked a heated debate about free speech and digital regulation, could significantly alter the landscape of online content related to cannabis and other substances within the state.
Amendments And Opposition Highlight The Bill’s Complexity
Initially introduced with broader implications, the bill was amended by State Sen. Chris Hansen (D) to allow the promotion of medical and retail cannabis to users over the age of 21, provided it complies with state laws. Despite these adjustments to refine the bill, its reach seems to remain extensive, applying to a wide array of substances.
Notably, the amended version specifies that “illicit substances” include hemp products not classified as a tincture or cosmetic. These are defined as products possessing more than 1.25 milligrams of THC per serving, or those with a CBD to THC ratio of less than 20 to 1.
Market News and Data brought to you by Benzinga APIs
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.