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.
36 Articles
36 Articles
Minnesota's THC edible, drinks businesses face 'existential threat' from federal provision
ROCHESTER — The hemp-derived THC industry got smacked this week and the punch came from the most unlikely of places. Tucked in the deal to re-open the federal government was a provision business owners say effectively ends the state’s THC edibles and drinks industry. The provision put a cap of 0.4 milligrams of THC per container for hemp products. It means the industry’s death knell, experts say. Most intoxicating THC drinks and edibles sold in …
Rochester's THC edible, drinks businesses face 'existential threat' from federal provision
ROCHESTER — The hemp-derived THC industry got smacked this week and the punch came from the most unlikely of places. Tucked in the deal to re-open the federal government was a provision business owners say effectively ends the state’s THC edibles and drinks industry. The provision put a cap of 0.4 milligrams of THC per container for hemp products. It means the industry’s death knell, experts say. Most intoxicating THC drinks and edibles sold in …
Intoxicating THC from hemp to be banned in a year, with implications for business and consumers
ATLANTA — A year from now people in the hemp industry expect booming growth in a black market for marijuana and illicit hemp consumables. That is when beverages, gummies and other products made with THC from the hemp plant will become illegal. Furloughed government workers will soon get their jobs back and low-income households will get food stamps, but the government shutdown that ended Wednesday with President Donald Trump’s signature on a fund
Hemp industry battles to save THC products from ban: 5 things to know
A provision in the government funding bill that ended a record 43-day shutdown aims to clarify the definition of hemp and close a loophole that allowed the hemp-derived product industry to flourish with barely any regulation. The industry is gearing up for a significant lobbying fight, claiming the language could ban nearly all hemp-derived consumer products and will put companies out…
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