Utah has outlawed smokable hemp and CBD in food under a new law that also punts oversight of the plant’s production to the U.S. Department of Agriculture. The law, signed by Gov. Spencer Cox Monday, makes Utah the sixth state to defer to federal authorities on regulating hemp cultivation. The law also makes it a
cannabinoid
(Editor’s note: This story is part of a recurring series of commentaries from professionals connected to the hemp industry. Julie Lerner is CEO of PanXchange, a commodity trading platform and benchmark price provider.) Basing the multibillion-dollar, pie-in-the-sky forecasts for the U.S. addressable market for CBD on retail shelf prices disturbs me. It’s as illogical as