A new rule from the Drug Enforcement Administration (DEA) threatens to upend the American hemp industry, and could even result in criminal prosecutions for manufacturers of CBD and delta-8 THC products.
The DEA says the [interim final rule," issued Aug. 20, is simply a matter of adjusting its own regulations to account for changes to the Controlled Substances Act that were mandated by the 2018 Farm Bill (or Agricultural Improvement Act) that legalized hemp and CBD production. The new rule [merely conforms DEA`s regulations to the statutory amendments to the CSA that have already taken effect," says the agency. The new rule doesn`t break any ground, according to the DEA.
But many experts on cannabis and hemp law say the DEA rule creates a potential pathway the law enforcement agency could use to prosecute hemp processors and producers of CBD (cannabidiol) and delta-8 THC (or Δ8THC) products. There are two issues: partially processed CBD, and [synthetically derived" delta-8 THC.
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It is reported that as of November 15, Purdue Technology holds a total of 5,974,600 shares of Concentration Technology, accounting for 13.43% of the total share capital of Concentration Technology. The company pledged 10 million shares, accounting for 16.74% of the total shares held by Purdue Technology, accounting for 2.25% of the total share capital of Concentration Technology; the cumulative pledged shares of 32 million shares, accounting for 53.56 of the total number of shares held by Purdue Technology %, accounting for 7.19% of the total share capital of Concentration Technology. 
Concentration Technology Holdings shareholders pledge 10 million shares of their outstanding shares
On November 15, Concentration Technology announced that it had received a notice from its third largest controlling shareholder, Zhejiang Purdue Technology Co., Ltd., that Purdue Technology pledged 10 million shares of its holdings of Concentration Technology. Zhejiang Tailong Commercial Bank Co., Ltd. Hangzhou Branch, and has passed the registration procedures for equity pledge through China Securities Depository and Clearing Co., Ltd. Shenzhen Branch on November 14.