Rep. King Files Hemp Production and Regulation Bill: HB 3948

We anticipate a substitute filing by Representative King that will substantially change some of the language discussed in this blog.

On March 11, 2021, Rep. Tracy King (D) filed HB 3948 that focuses on the regulation and production of hemp and consumable hemp products in Texas. This bill provides administrative penalties, imposes and authorizes fees, and creates criminal offenses. Additionally, the bill covers higher institutions, permissible THC content, additives, synthetics, and more. Below, we’ve summarized this bill to keep you in-the-know with Texas hemp legislation. The Senate version of this bill is SB 1776. 

Ritter Spencer, PLLCRep. King Files Hemp Production and Regulation Bill: HB 3948
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Sit. Shake. Sorry, Pup: CBD-Infused Pet Products

Many pet-lovers out there would do just about anything for their dogs, cats, or animals they care about. As a pet owner myself, I have been closely monitoring the legality of hemp-derived cannabidiol (“CBD”) products for animals. Unfortunately, pet foods and treats containing CBD are currently illegal according to the United States Food and Drug Administration (“FDA”); however, certain compliant CBD topical animal products are not subject to FDA control, and thus, are legal to sell in interstate commerce.

Ritter Spencer, PLLCSit. Shake. Sorry, Pup: CBD-Infused Pet Products
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When to Hire a Bankruptcy Litigation Attorney

Business disputes are often unavoidable in today’s competitive economic environment. From disagreements about contracts to issues with investments, these conflicts vary in levels of severity and how costly they are. Business litigation attorneys work collaboratively with companies to address these disputes and produce the best result for their clients. However, the variety of these disputes make it difficult for a business owner to know when to bring in an attorney to handle a conflict. Read below to learn when to hire a business litigation attorney and how the Dallas law firm of Ritter Spencer PLLC can advise companies through business litigation.

Ritter Spencer, PLLCWhen to Hire a Bankruptcy Litigation Attorney
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The Difference Between Chapter 11 and Chapter 7 Bankruptcy

When a company cannot repay its debts in challenging financial circumstances, the business may be forced to declare bankruptcy. However, different types of bankruptcies exist depending on the business type and specific situation. Working with an experienced Dallas law firm that specializes in helping companies succeed, like Ritter Spencer PLLC, can make it easier to determine which type of bankruptcy a company should file to eliminate existing debt and yield a clearer opportunity for future success. Below we explain the differences between Chapter 11 and Chapter 7 bankruptcy for businesses. 

Ritter Spencer, PLLCThe Difference Between Chapter 11 and Chapter 7 Bankruptcy
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Why Contracts Are Essential During a Recession

Every economy is cyclical, and recessions are relatively common. A recession caused by a global pandemic, however, is a reality few were prepared for. Whether a typical recession, or a worldwide economic shutdown, situations like these emphasize the importance of contracts for business owners across the country. Dallas law firm Ritter Spencer PLLC helps businesses utilize contracts that safeguard your business interests and prepare your company for challenging financial situations. Discover why contracts are essential during a recession and how these documents can help protect your business.

Ritter Spencer, PLLCWhy Contracts Are Essential During a Recession
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New Jersey Officially Legalizes Marijuana After Years of Efforts

After several years of failed attempts and efforts, New Jersey finally legalized marijuana on Monday, February 22, 2021, when Governor Philip D. Murphy signed three bills into law. These bills permit and regulate the use of recreational marijuana in the Garden State (with some strict stipulations) and focus on community outreach for previous marijuana-related convictions. The legalization of marijuana in New Jersey comes after a long run of unsuccessful attempts and hopes to end the era of arrests and ambiguity. Below, we take a closer look at New Jersey’s path to legalization of marijuana, as well as the recently enacted legislation itself.

Ritter Spencer, PLLCNew Jersey Officially Legalizes Marijuana After Years of Efforts
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Further Expansion of Texas’ Compassionate Use Program with H.B. 1535 in 2021

After establishing the Texas Compassionate Use Program in 2015 and augmenting it in 2019, Rep. Stephanie Klick (R) has once again initiated expanding the program with an incremental approach. With several beneficial provisions, this bill will potentially be the most effective and favorable legislation regarding medical marijuana reform in Texas. Although there are more comprehensive medical marijuana bills in other states, H.B. 1535 presents a significant opportunity for the Texas cannabis community. 

Ritter Spencer, PLLCFurther Expansion of Texas’ Compassionate Use Program with H.B. 1535 in 2021
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Economic Recovery in 2021 – What Can Businesses Expect?

After a tumultuous 2020, many business owners wonder what the economy both in the United States and abroad will look like in the new year. While all the effects of the coronavirus pandemic are far from predictable, the experienced team at the Dallas law firm, Ritter Spencer PLLC, has researched a few possible directions the 2021 economy will go. Read below to learn about our thoughts on economic recovery in 2021 and what businesses can expect.

Ritter Spencer, PLLCEconomic Recovery in 2021 – What Can Businesses Expect?
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The Introduction of the Hemp and Hemp Derived-CBD Consumer Protection and Market Stabilization Act of 2021 and What It Means for the CBD Industry

On February 4, 2021, the Hemp and Hemp Derived-CBD Consumer Protection and Market Stabilization Act of 2021 was re-introduced to the United States House of Representatives, sponsored by Reps. Kurt Schrader (D-OR) and Morgan Griffith (R-VA), as well as 17 additional co-sponsors. This is an exciting development for the hemp and cannabidiol (“CBD”) industries, as widespread support has already been shown for this bill. As the bill continues to make headway, it’s important that the hemp and CBD communities help get this legislation passed. Julia Gustafson, the VP of government relations for the Council of Responsible Nutrition (“CRN”), referred to the bill as “critical” toward the development of safe and stronger dietary supplements on the market. 

Ritter Spencer, PLLCThe Introduction of the Hemp and Hemp Derived-CBD Consumer Protection and Market Stabilization Act of 2021 and What It Means for the CBD Industry
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A Recap of the Establishment of the United States Domestic Hemp Production Program

The United States’ hemp industry is a constant work-in-progress; however, the country has made significant strides in establishing a domestic hemp production program. The United States Department of Agriculture (“USDA”) recently released its final rule, which has been long-awaited by the hemp community. Read below for a recap of recent progress as a reminder to continue putting forth effort and energy toward uniform cannabis legislation in the United States.

Ritter Spencer, PLLCA Recap of the Establishment of the United States Domestic Hemp Production Program
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