February 8, 2023

Volume XIII, Number 39


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February 06, 2023

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Let's Talk Hemp: Highlights from the 2021 Southern Hemp Expo

Several members of our firm attended the Southern Hemp Expo in Raleigh, NC last week. 

This was the third annual installment of the #SHE, but the first time it was held in North Carolina.  It felt as though organizers were able to pull off a successful and energizing in-person conference, educational summit, and trade show.  Selfishly, it was exciting to host the event and its participants in our backyard!  And it's always great to spend time with friends and business colleagues in person, especially after a prolonged period of virtual-only events and conferences. 

We Still Need Common Ground for Success

It's been a recurring theme for some time, and across different events, but the #SHE3 panelists, presenters, organizers, and vendors all seemed to agree:  industry participants and trade groups can, and should, continue to find unity and common grounds for collaboration without letting perfection or competition get in the way of collective progress.  We each play a role in helping to promote professionalism and transparency, and we must hold ourselves and our friends accountable to the highest standards of excellence and safety.  Taking the next step as a growing industry will require us all to regularly communicate, learn from and apply our own lessons from the past, and find ways to promote a collective agenda and ideas through the industry as a whole.

Stop Me If You've Heard This One before…

Cannabinoids continue to lead the market from a commercialization standpoint.  Companies like Bhūmi, Appalachian Standard, Longleaf Provisions Company, and many others continue to push out innovative and exciting new retail products.  Craft commodity hemp flower still has a vibrant and important place in the retail market.  And whether you love it or hate it, delta-8 tetrahydrocannabinol (Δ8 THC) is a driving force in the industry today.  It remains vitally important for industry operators to appropriately scale their business, focus on the right plant genetics, and hone in their costs, skills, and efficiencies in operations. 

The Industrial Use Wave is Building

Fiber, food, and industrial use applications within the industry were well represented at the #SHE3 as well.  It's refreshing and exciting to see groups like HempWood, the Hemp Feed Coalition, Victory Hemp Foods, the U.S. Hemp Building Association, the National Industrial Hemp Council, the Southeast Hemp Association, and many others continue to make progress in their sectors of the industry. 

Hemp business operators still face challenges and risks each day, and the future regulatory landscape for the industry is anything but certain.  But hard work, entrepreneurial spirit, and ingenuity continue to drive the success of this industry.  We're excited to see what the future holds as industry participants find new ways to collaborate, celebrate and support one another's successes. 

© 2023 Ward and Smith, P.A.. All Rights Reserved.National Law Review, Volume XI, Number 253

About this Author

Tyler Russell, Bankruptcy Attorney, Creditors Rights, Raleigh, North Carolina, Ward and Smith Law Firm
Business and Creditor's Rights Attorney

Tyler's creditors' rights practice encompasses bankruptcy, collections, and lender liability issues.  He concentrates his practice on the representation of creditors in bankruptcy cases and state court litigation, including workouts, reorganizations, Uniform Commercial Code security agreement enforcement, collections cases, and other contested matters.  Tyler has represented national and community lenders, trade creditors, equipment manufacturers, agricultural companies, community associations, contractors, and leasing companies in various reorganization and litigation proceedings. His...

Amy H. Wooten Construction Litigation Attorney Ward and Smith Raleigh, NC
Litigation Attorney

Amy Wooten has a wealth of experience in a wide range of substantive areas. She litigates complex commercial litigation cases; construction disputes; community association matters, and disagreements arising in the HOA context; professional licensing defense; and employment litigation. She represents clients in a broad range of commercial matters, such as breach of contract, breach of fiduciary duty, and unfair and deceptive trade practices claims. 

Amy also has significant experience representing industry professionals and contractors in construction defect disputes in state and...