2024 Presidential Election and Cannabis: What’s at Stake for the Industry

Justin Combs • October 16, 2024

As the 2024 presidential election approaches, the future of cannabis and hemp policy in the United States hangs in the balance. Both major party candidates, Donald Trump and Kamala Harris, have distinct views on how the cannabis and hemp industries should be regulated. While cannabis reform has gained momentum in recent years, particularly at the state level, the federal approach varies significantly depending on the political party in power.


In this blog, we will explore where both the Republican and Democratic parties stand on cannabis and hemp legislation, highlighting the specific policies that Trump and Harris are supporting.


Republican Party: Donald Trump’s Position on Cannabis and Hemp


While cannabis reform has not been a major priority for Donald Trump, his stance has been somewhat fluid over the years. During his presidency, the Trump administration took a largely hands-off approach to state-level cannabis legalization, allowing individual states to move forward with their own regulations without federal interference. However, Trump has not actively supported federal cannabis legalization and maintains a more cautious stance compared to many Democrats.


1. Cannabis Legalization


Donald Trump has not explicitly called for federal cannabis legalization. While he did not push for harsher enforcement during his presidency, he did express concern about the potential social and public health impacts of widespread legalization. Trump is likely to maintain the position that states should decide their own cannabis laws, allowing them to regulate cannabis without federal interference, but without moving toward full federal legalization.


2. Hemp and the 2018 Farm Bill


Under Trump’s presidency, the 2018 Farm Bill was signed into law, which legalized hemp production nationwide. This was a significant step for the hemp industry, allowing farmers to grow industrial hemp legally and removing it from the federal list of controlled substances as long as it contains less than 0.3% THC. This move provided opportunities for farmers and producers in the hemp-derived CBD market. Trump’s administration emphasized the economic potential of hemp and its importance for American agriculture, though cannabis itself remained illegal at the federal level.


3. Medical Cannabis


While Trump has shown some support for medical cannabis, he has largely deferred to states to make their own decisions on this issue. He has not actively opposed medical cannabis use but has also not taken significant steps to expand access or push for further reforms. The status quo is likely to remain under a potential second Trump administration, where states would continue to regulate medical cannabis independently of federal policy.


4. Cannabis Business and Banking


Trump has not made moves toward resolving the cannabis banking issue, where federal regulations prevent cannabis businesses from accessing traditional banking services due to the federal classification of cannabis as a Schedule I drug. Although some Republican lawmakers have expressed interest in finding a solution, it has not been a priority under Trump’s leadership.


Democratic Party: Kamala Harris’ Position on Cannabis and Hemp


Vice President Kamala Harris, on the other hand, has been a strong proponent of cannabis reform, particularly in her role as a senator and during her time as vice president. As part of the Democratic platform, Harris is supporting policies aimed at decriminalizing cannabis, expunging criminal records, and federally legalizing cannabis. Her position is much more progressive than Trump’s on this issue, with a focus on social justice and economic opportunity.


1. Cannabis Legalization


Kamala Harris is a co-sponsor of the Marijuana Opportunity Reinvestment and Expungement (MORE) Act, which aims to federally legalize cannabis, remove it from the Controlled Substances Act, and expunge previous convictions for cannabis-related offenses. This bill would allow states to regulate cannabis as they see fit while providing federal oversight and regulation. Harris has been vocal about the need for cannabis reform as part of a broader agenda for criminal justice reform and racial equity.


2. Social Equity and Criminal Justice Reform


Harris has emphasized the importance of addressing the racial disparities in cannabis-related arrests and convictions. The MORE Act includes provisions for social equity programs to ensure that communities disproportionately affected by the War on Drugs have opportunities to participate in the legal cannabis industry. This includes support for minority-owned businesses and individuals who have been unfairly impacted by cannabis prohibition.


3. Hemp and Agriculture


Harris supports the expansion of the hemp industry, building on the 2018 Farm Bill. Under her administration, hemp farmers would likely see continued support and investment in research and development for hemp-derived products, such as CBD. Harris’ broader climate and agriculture policy includes supporting sustainable farming practices, which could benefit the hemp industry as an environmentally friendly crop.


4. Cannabis Business and Banking


One of the key issues for Harris is the need for cannabis businesses to have access to banking services. The SAFE Banking Act, which would allow legal cannabis businesses to work with banks without fear of federal penalties, has been a major point of discussion in Congress. Harris supports this legislation as part of her platform to bring cannabis into the mainstream economy, creating jobs and fostering entrepreneurship in the industry.


Key Differences in Cannabis and Hemp Policy


The 2024 election presents two different paths for the future of cannabis and hemp policy in the U.S. Here are some of the key differences between Trump and Harris on this issue:


• Cannabis Legalization: Harris supports federal cannabis legalization through legislation like the MORE Act, while Trump maintains a state-by-state approach, showing no interest in pushing for federal legalization.

• Social Justice: Harris has made social equity a central part of her cannabis reform agenda, including expunging records and creating opportunities for those impacted by the War on Drugs. Trump’s position on this has been largely silent, with no major initiatives to address cannabis-related criminal justice issues.

• Hemp Industry: Both Trump and Harris have shown support for the hemp industry, particularly after the passage of the 2018 Farm Bill. However, Harris would likely push for more regulation and investment in hemp research, sustainability, and product development.

• Cannabis Business and Banking: Harris supports the SAFE Banking Act, which would open up financial services to cannabis businesses. Trump has not prioritized this issue, and it remains unresolved.


Conclusion


As the 2024 presidential election approaches, cannabis and hemp reform will be an important issue for voters in states where these industries play a significant economic role. While Donald Trump is likely to continue allowing states to manage their own cannabis policies with limited federal involvement, Kamala Harris is pushing for a more comprehensive approach, including full federal legalization, social equity, and expanded access to banking for cannabis businesses.


For the cannabis and hemp industries, the outcome of this election could have a profound impact on how these sectors evolve in the coming years. Retailers, growers, and entrepreneurs will need to closely monitor the election results and the legislative agenda of the next administration to understand what lies ahead.


Here’s something to consider: Could Trump’s decision to pass the 2018 Farm Bill, which legalized hemp and its derivatives, have been a more strategic and deliberate approach to gradually introduce THCa and hemp-based products, rather than opting for full federal legalization of THC? 


What do you think?

Recent Blog Posts

Introducing Kai: Your AI-Powered THCa Flower and Hemp Personal Shopper

By Justin Combs • December 28, 2024
In today’s fast-paced retail environment, sourcing the right products at the right time is critical to staying ahead of the competition. At Kannabi Konexion, we understand the unique challenges faced by THCa and hemp retailers, which is why we’re thrilled to unveil our latest innovation: Kai, an AI-powered chatbot designed to simplify and personalize your product sourcing experience. We are thrilled to announce the upcoming launch of our new software in late Q1, featuring Kai. This revolutionary platform is designed to transform the way THCa and hemp retailers source and purchase their wholesale products. With Kai as your trusted digital assistant, our software combines cutting-edge AI technology with intuitive features to deliver an unparalleled sourcing experience tailored to your business needs. Save Time with Kai, Your Personal Shopper Imagine having a digital assistant that works tirelessly to find the best products for your store. That’s exactly what Kai does. As your personal shopper, Kai automates the product search process, eliminating the time-consuming task of manually sifting through endless catalogs. Simply tell Kai what you’re looking for, and he will quickly present tailored options that align with your specific needs. Whether it’s ultra-exclusive strains or trending hemp-derived products, Kai ensures you’re always one step ahead. Powered by Smart Data for Personalization What sets Kai apart is his ability to leverage multiple data sets for a highly personalized experience. By analyzing: Your Purchase History : Kai learns your preferences over time, suggesting products that complement your existing inventory. Market Trends : He stays updated with industry insights to recommend products that are currently in demand. Customer Demographics: By understanding your target audience, Kai helps source products that resonate with your customer base. The result? A tailored sourcing experience that aligns with your business goals and customer expectations. Seamless Integration with Your POS System To take personalization to the next level, Kai integrates directly with your point-of-sale (POS) system. This integration provides a deeper understanding of your sales patterns, enabling Kai to: Identify top-selling products and recommend similar items. Detect slow-moving inventory and suggest complementary products to boost sales. Optimize restocking by predicting demand based on historical sales data. In addition, we prioritize the security and privacy of your data. Kai leverages leading data and cybersecurity technologies, including end-to-end encryption, secure APIs, and role-based access controls, to ensure that your data is never compromised or shared without your consent. We adhere to industry best practices such as GDPR compliance and routine security audits to maintain the highest standards of protection. With Kai, you can rest assured that your sensitive information remains safe and secure. Innovative Technology with a Personal Touch At Kannabi Konexion, we believe that technology should enhance, not replace, the human element of business. Kai combines cutting-edge AI technology with our commitment to providing a personal touch. While Kai handles the heavy lifting of data analysis and product recommendations, our team is always available to offer expert guidance and support. This unique blend of innovation and personalization ensures that every interaction with Kai feels intuitive, engaging, and tailored to your business needs. With Kai, you get the best of both worlds: the efficiency of advanced technology and the warmth of a personalized customer experience. Smarter with Every Interaction Kai isn’t just a one-and-done tool; he’s a constantly evolving assistant. The more you use him, the smarter he becomes. Through machine learning, Kai continuously refines his recommendations, becoming increasingly efficient at sourcing products that align with your business and delight your customers. Over time, he will: Anticipate your needs based on recurring patterns. Provide faster and more accurate responses. Enhance his ability to identify emerging market opportunities. A Tool for the Future of Retail Incorporating Kai into your sourcing strategy isn’t just about saving time—it’s about transforming the way you do business. By combining cutting-edge technology with deep industry expertise, Kai empowers you to focus on what matters most: growing your business and serving your customers. Ready to revolutionize your product sourcing process? Experience the future of retail today with Kannabi Konexion’s AI-powered chatbot, Kai. Get started and see the difference he makes in your business efficiency and customer satisfaction. How can Kai assist you in sourcing wholesale THCa flower and hemp products? 1. What Is Wholesale THCa Flower and Hemp, and How Can Kai Help? Answer: Wholesale THCa flower and hemp refer to bulk purchases of cannabis and hemp products high in THCa, a non-psychoactive cannabinoid. Kai, Kannabi Konexion's AI-powered chatbot, simplifies the process by providing instant recommendations, answering your questions, and helping you source the best products for your business. 2. Why Should Retailers Use Kai When Sourcing Wholesale THCa Flower and Hemp? Answer: Kai makes sourcing wholesale THCa flower and hemp easy by offering personalized product suggestions, comparing strain options, and ensuring that all products meet compliance standards. He saves time and provides expert guidance tailored to your business needs. 3. How Can Kai Ensure I’m Purchasing Legal and Compliant Wholesale THCa Flower and Hemp? Answer: Kai provides real-time insights into the legality and compliance of every product, including access to Certificates of Analysis (COAs). He ensures you're sourcing products that meet all state and federal regulations, giving you peace of mind. 4. Can Kai Recommend the Best THCa Flower Strains for My Business? Answer: Yes! Kai analyzes your preferences, sales history, and customer demographics to recommend the most popular and profitable THCa flower strains for your inventory. Whether you're looking for exotics or classic favorites, Kai's suggestions are spot-on. 5. How Does Kai Simplify the Wholesale THca Flower and Hemp Ordering Process? Answer: Kai streamlines the wholesale ordering process by guiding you through product selection, verifying quantities, and even securing financing options through Kannabi Konnect. He’s your virtual assistant, making the complex task of sourcing products effortless. 6. What Financing Options Can Kai Help Me Explore for Buying Wholesale THCa Flower and Hemp? Answer: Kai can walk you through available financing options, ensuring you have access to capital when purchasing bulk THCa flower and hemp. He connects you with Kannabi Konnect’s financing solutions to help your business grow without cash flow concerns. 7. How Can Kai Help Me Stay Ahead of Trends in THCa Flower and Hemp? Answer: Kai keeps you updated on industry trends, popular strains, and new product releases. By analyzing market data, he helps you stock the most sought-after THCa flower and hemp products, ensuring your inventory stays competitive. 8. What Makes Kai Unique Compared to Other Wholesale Platforms? Answer: Unlike traditional wholesale platforms, Kai provides real-time, personalized support. He’s available 24/7 to answer questions, suggest products, and guide you through the entire sourcing process, making your experience seamless and efficient. 9. Can Kai Help Me Negotiate Pricing for Wholesale THCa Flower and Hemp? Answer: Yes! Kai can analyze your order size and suggest bulk discounts or special offers. He works with Kannabi Konexion’s pricing structure to ensure you get the best value for your business. 10. How Do I Get Started Using Kai to Source Wholesale THCa Flower and Hemp? Answer: Getting started is simple. Visit Kannabi Konexion’s membership sign-up page and create an account. Once we receive your business information we will reach out to get you set up. From there, Kai will guide you through account setup, product selection, and placing your first order, ensuring the process is as seamless as possible. And if you require help, we are here with that personal touch to help guide you.

How Much is a Pound of THCa Flower?

By Justin Combs • October 28, 2024
How Much is a Pound of THCa Flower WHOLESALE? The cost of THCa flower in the U.S. varies depending on cultivation practices, location, legality and business operation expenses, shipping, and market demand, but recent data provides a nationwide average that may help businesses and distributors in the industry. As of mid-2024, prices for indoor-grown THCa flower are averaging around $1,343 per pound , with individual rates ranging from $700 to $1,900, depending on quality and cannabinoid content. Greenhouse-grown THCa flower typically costs between $600 and $1,400 per pound, averaging about $823. Lower-cost options generally involve outdoor-grown flower, although this type often doesn’t meet the quality standards that premium retailers demand due to its lower THCa content and aesthetic bag-appeal, so we only offer the highest quality indoor and greenhouse grown THCa flower. Factors to Consider When Getting Quotes for THCa Flower When obtaining quotes for THCa flower, businesses should consider several essential factors: Cultivation Method : Indoor and greenhouse-grown flower often commands a premium price due to better control over growing conditions, which results in higher cannabinoid percentages and visual quality. Market Trends : The legal hemp and cannabis markets are rapidly evolving, which influences THCa pricing. In states without recreational cannabis markets, THCa flower often costs more due to increased demand and limited availability from licensed hemp cultivators. Supply and Demand : As more cultivators enter the THCa flower space, competition is increasing, leading to periodic price adjustments. Regularly monitoring pricing data from trusted sources can help businesses stay competitive. Legality: The cost of doing business with a distrubiutor who is just a "product pusher" is losing your business. Often product-pushers are super cheap, thus undercutting what fair "business pricing" should be. From ensuring shipments to our bank filing status, legality is our #1 priority and is factored into our pricing structure. Sourcing Cost: We spend day-in and day-out sourcing the highest quality THCa flower so you don't have to. THCa Percentage : Higher THCa concentrations generally increase the price per pound, as potency is a significant quality measure in the market. Retailers may look for flowers with 20% or more THCa content to meet consumer demand for potent products. Sources such as Hemp Benchmarks and Cannabis Benchmarks provide detailed pricing reports and market analysis that help businesses gauge trends and pricing norms in the THCa and hemp flower markets. Their monthly assessments track various factors affecting THCa flower pricing across indoor, greenhouse, and outdoor cultivation methods, offering insight into the rapidly shifting landscape of hemp-derived THCa products. Kannabi Konexion Wholesale THCa Flower Tiers Our THCA flower and hemp products are sourced from carefully selected grows across the country. We ensure each plant is cultivated in living soil within state-of-the-art facilities, hand-trimmed, and carefully cured to perfection. Our 6-step grading system, meticulously crafted by experts in the hemp industry, ensures that our customers receive only the finest products that meet the most rigorous standards. Our grading process evaluates five key characteristics: Nose, Structure, Trim, Frost, and Color. Each attribute is scored on a scale of 1 to 10, with the total score determining the final grade of the hemp flower. We then categorize our THCA and hemp flowers into three distinct tiers: Traditional , Premium , and Exotic AAA . This grading system reflects our unwavering commitment to quality, consistency, and customer satisfaction. EXOTIC THCa Flower: Experience the pinnacle of potency with Exotic AAA THCA flower. Our exotic strains are always grown indoors in living soil, in state-of-the-art facilities, and third-party lab tested. PREMIUM THCa Flower - Our Premium THCa flower delivers exceptionsal quality at an unbeatable value. Still grown indoors in living soil, our premium flower is a great way to elevate your standards for a great price. Traditonal THCa Flower - We vetted a number of high-end grreehouse grows to find the best quality and high-est potency flower for a great price. Our Traditional THCA flower is the perfect blend of potency and price to keep your shelves stocked and sales thriving. If you are a valid cannabis and hemp company seeking a strategic growth partner to scale your wholesale buying operations process, contact us today .

The Top 10 THCA Flower Strains of 2024: A Guide to the Best of the Best

By Justin Combs • September 10, 2024
As the popularity of THCA flower continues to rise, enthusiasts and connoisseurs alike are seeking out the top strains that offer premium effects, unique flavors, and unmatched quality. In 2024, the cannabis market is more diverse than ever, with strains that cater to a wide range of preferences and needs. Whether you’re looking for relaxation, energy, or a balanced experience, this list of the top 10 THCA flower strains has something for everyone. Let’s dive into the most sought-after THCA strains of the year and discover what makes each one stand out. 1. Trophy Wife Profile: Sweet and earthy with hints of pine. Effects: Balanced, clear-headed relaxation without sedation. Trophy Wife is a fan favorite, known for its stunning appearance and versatile effects. This hybrid strain strikes a perfect balance, offering calming yet clear-headed relaxation that doesn’t leave you feeling couch-locked. Its sweet and earthy flavor, combined with high THCA content, makes it ideal for those seeking relief from stress without the psychoactive effects of THC. 2. Cherry Runtz Profile: Candy-like cherry and tropical fruit flavors. Effects: Uplifting and euphoric, perfect for daytime use. Cherry Runtz is a visually appealing strain with colorful, frosty buds and a sweet, fruity aroma that’s hard to resist. It delivers a cheerful, euphoric high that’s perfect for staying uplifted and energized throughout the day. The candy-like flavor of cherry and tropical fruit makes every puff a treat. 3. GMO Cookies Profile: Pungent, garlicky aroma with earthy undertones. Effects: Deep relaxation and stress relief with high THCA content. GMO Cookies, also known as “Garlic Cookies,” stands out for its bold, savory flavor and strong relaxing effects. This indica-dominant strain is perfect for unwinding after a long day, offering deep relaxation without the heavy sedation. It’s particularly popular among those seeking potent THCA flower with a unique, unforgettable taste. 4. MAC (Miracle Alien Cookies) Profile: Sweet, floral, and citrusy with frosty buds. Effects: Balanced euphoria and relaxation, great for any time of day. MAC, or Miracle Alien Cookies, has earned a reputation for its stunning, frosty buds and complex flavor profile. With notes of sweet, floral, and citrus, this strain provides a balanced high that’s both uplifting and calming. It’s versatile enough for daytime or evening use, making it a go-to for many cannabis enthusiasts. 5. Super Lemon Haze Profile: Bright citrus and sweet, zesty notes. Effects: Energizing and uplifting, ideal for boosting creativity. For those looking to start their day with a burst of energy, Super Lemon Haze is the strain of choice. Its zesty lemon flavor is as bright and uplifting as its effects, offering an energizing boost that’s perfect for creative activities or getting things done. This sativa-dominant strain is a favorite for daytime use. 6. Gelato Profile: Creamy, sweet, and fruity, like a dessert. Effects: Balanced, euphoric high with a relaxed, focused vibe. Gelato is known for its dessert-like flavors and perfectly balanced effects. This hybrid strain delivers a euphoric high that’s both relaxing and focused, making it ideal for social situations or solo relaxation. The creamy, sweet, and fruity flavor profile makes Gelato a truly indulgent experience. 7. Granddaddy Purple Profile: Rich grape and berry flavors. Effects: Deep relaxation, perfect for unwinding or sleep. Granddaddy Purple, or GDP, is an iconic indica known for its rich, fruity flavor and deeply relaxing effects. With notes of grape and berry, this strain is perfect for evening use, helping you unwind and get a restful night’s sleep. Its beautiful purple buds are as appealing to the eyes as the effects are to the mind and body. 8. Pink Runtz Profile: Sweet, fruity, and candy-like with vibrant colors. Effects: Relaxing yet uplifting, making it versatile for any mood. Pink Runtz is a rare and exotic strain that’s been making waves for its vibrant colors and sweet, candy-like flavors. This hybrid offers a balanced experience that’s both uplifting and relaxing, making it a versatile choice for any time of day. Its unique appearance and flavor profile have made it one of the most sought-after THCA strains in 2024. 9. Jack Herer Profile: Spicy, piney aroma with a hint of citrus. Effects: Energizing and mentally stimulating, great for daytime use. Named after the legendary cannabis activist, Jack Herer is a sativa-dominant strain that’s cherished for its uplifting and clear-headed effects. Its spicy, piney aroma with hints of citrus makes it a refreshing choice for those looking to stay focused and motivated throughout the day. 10. Wedding Cake Profile: Sweet and earthy, reminiscent of vanilla and pepper. Effects: Relaxed yet clear-headed, perfect for evening use. Wedding Cake is a beloved hybrid strain that combines sweet, earthy flavors with a hint of vanilla and pepper. Its effects are relaxing yet leave you clear-headed, making it an excellent choice for winding down in the evening without feeling overly sedated. This strain’s rich flavor and balanced effects make it a staple in the THCA flower lineup. Whether you’re new to THCA flower or a seasoned connoisseur, these top strains of 2024 offer a diverse range of flavors, effects, and experiences. From the energizing burst of Super Lemon Haze to the calming embrace of Granddaddy Purple, there’s a THCA strain for every preference and need. At Kannabi Konexion, we pride ourselves on offering the best THCA flower sourced from premier cultivators across the country. Sign up now for the release of our NEW premium and exotic THCa flower menu today!
VIEW BLOG