Holding Company

A company, the primary business of which is to hold part or all of one or more other companies’ equity interests such as stock or membership interests.

Hemp Production Program

Federal program established by the Agriculture Improvement Act of 2018 pursuant to which the United States Department of Agriculture approves state or tribal hemp production regulatory programs or implements such programs directly in states or tribal jurisdictions that opt out of primary regulatory authority.


A form of cannabis that, according to U.S. federal law, contains less than .3% Δ9-tetrahydrocannabinol (THC) on a dry weight basis. Hemp was removed from the definition of “marihuana” on Schedule I of the Controlled Substances Act in the Agriculture Improvement Act of 2018.

Health Claims

Claims made in connection with foods or dietary supplements that characterize the relationship of any substance therein to a disease or health-related condition.


The process of gathering mature cannabis crops.