
Governor extends enforcement moratorium on CBD oil sales by Indiana retailers
In November, Holcomb called for a 60-day moratorium on the seizure or removal of cannabidiol oil products in IN, directing State Excise Police to check stores and issue warnings in order to give stores time to remove those products from store shelves. 2017 legislation legalized CBD for epilepsy patients.
Attorney General Curtis Hill issued an opinion in November declaring CBD oil illegal in IN after much confusion over a law the legislature passed in 2017 meant to allow the product for epilepsy patients.
Store owners will be able to continue selling cannabidiol, or CBD oil, products while IN lawmakers work toward clarifying the legality of the substance. As that deadline approaches this month, Holcomb said in a statement Friday that he will extend it to give lawmakers the chance to pass a proposal. He says he's encouraged by legislators' progress in clarifying the law, and on Friday extended that moratorium through the end of the legislative session.
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Rhumbline Advisers invested in 0.01% or 224,588 shares. (NYSE:ESRT). 20,624 were reported by Oppenheimer Asset Mngmt Incorporated. The stock of Federal Realty Investment Trust (NYSE:FRT) has "Buy" rating given on Tuesday, January 9 by BMO Capital Markets.
Cannabis oil could soon be legal for anyone to buy and sell in IN, and Governor Holcomb says he won't stand in the way. "Lawmakers have indicated they would like more time to consider proposed legislation". Two have passed out of a Senate Committee this week.
There are now six various CBD bills in the Indiana Statehouse.
Holcomb's enforcement moratorium only applies to the state excise police.
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