US EditionHemp Industry Battles to Save THC Products From Ban: 5 Things to Know
The 0.4 mg THC cap in the funding bill threatens a multi-billion-dollar hemp industry and could cause millions in losses, experts and business owners warn.
- On Wednesday, Congress passed a funding bill to reopen the federal government that includes a THC cap banning products with more than 0.4-milligrams per container.
- The 2018 Farm Bill allowed hemp products under 0.3% THC by dry weight and permitted synthesized hemp products like gummies, oils and vaping devices, supporters say the cap closes that loophole.
- Retailers including Joseph Salome said the THC cap would outlaw nearly all hemp-derived products, with Tom Church warning `we’re talking about a multi-billion-dollar industry that is going to almost disappear overnight`.
- The funding bill also sets a one-year compliance deadline, and industry leaders say the cap could impact a $28 billion industry and nearly 300,000 jobs, Georgia hemp businesses say it will wipe out local shops.
- Sen. Mitch McConnell, R-Ky., said Friday the language preserves the legitimate hemp industry and federally authorized research, while Chris Buske, Wonders of Nature owner, called for regulations, not bans.
43 Articles
43 Articles
Hemp businesses expect to close if new law takes effect
The bill that reopened the government folds in cannabis restrictions billed as protecting children and preserving legitimate hemp businesses, but farms and dispensaries say it’ll eliminate virtually all hemp business — including in Bowling Green. “If the bill doesn’t change, we will be out of business in 365 days,” said Clay Powell, whose family business Experimental Farms has a cannabis farm by Owensboro and sells products throughout the common…
Hemp businesses expect to close if new law takes effect
The bill that reopened the government folds in cannabis restrictions billed as protecting children and preserving legitimate hemp businesses, but farms and dispensaries say it’ll eliminate virtually all hemp business — including in Bowling Green. “If the bill doesn’t change, we will be out of business in 365 days,” said Clay Powell, whose family business Experimental Farms has a cannabis farm by Owensboro and sells products throughout the common…
Hemp businesses expect to close if new law takes effect
The bill that reopened the government folds in cannabis restrictions billed as protecting children and preserving legitimate hemp businesses, but farms and dispensaries say it’ll eliminate virtually all hemp business — including in Bowling Green. “If the bill doesn’t change, we will be out of business in 365 days,” said Clay Powell, whose family business Experimental Farms has a cannabis farm by Owensboro and sells products throughout the common…
Hemp businesses expect to close if new law takes effect
The bill that reopened the government folds in cannabis restrictions billed as protecting children and preserving legitimate hemp businesses, but farms and dispensaries say it’ll eliminate virtually all hemp business — including in Bowling Green. “If the bill doesn’t change, we will be out of business in 365 days,” said Clay Powell, whose family business Experimental Farms has a cannabis farm by Owensboro and sells products throughout the common…
Hemp businesses expect to close if new law takes effect
The bill that reopened the government folds in cannabis restrictions billed as protecting children and preserving legitimate hemp businesses, but farms and dispensaries say it’ll eliminate virtually all hemp business — including in Bowling Green. “If the bill doesn’t change, we will be out of business in 365 days,” said Clay Powell, whose family business Experimental Farms has a cannabis farm by Owensboro and sells products throughout the common…
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MA marijuana bill advances; KY & IL govs on hemp; NY’s 500th dispensary; Roger Stone slams hemp ban; TX lawmakers divided over THC ban Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day. Get our daily newsletter. Email address: Leave this field empty if you're human: Your support makes Marijuana Moment possible… *Rattling t…
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