High Tide begins to sell cannabis seeds in United States

High Tide

13/12/2022 11:57

Dec 13 (Reuters) - High Tide Inc  HITI.O   HITI.V  has
started to sell cannabis seeds online in the United States, the
cannabis retailer said on Tuesday, after the country's narcotics
agency determined that they can be sold openly.
    The sale would initially be through its e-commerce units
Grasscity and Smoke Cartel, the company said, expanding to its
other retail platforms next year.
    "This new business venture will greatly expand our U.S.
customer base, which already sits at 2.4 million through our
ancillary cannabis business lines, and sets us up well to take
advantage of federal legalization in the United States when it
comes," Chief Executive Raj Grover said in a statement.
    The U.S. Drug Enforcement Administration earlier this year
said cannabis seeds fall under the legal definition of hemp, the
non-intoxicating form of marijuana. The agency allowed their
sales in the country as long as they do not exceed a certain
amount of THC, the "high"-producing chemical in marijuana.
     Cannabis seeds are consumed for their purported health
benefits, but it remains federally illegal to use them to grow
the plant.
 (Reporting by Ruhi Soni in Bengaluru; Editing by Sriraj
Kalluvila)
 ((Ruhi.Soni@thomsonreuters.com
Twitter: https://twitter.com/ruhithere))