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✉news WorldUS Politics first seen 9 h ago, last 1 h ago, peak #1

$28 billion hemp THC industry fights looming federal ban

Original: A $28B hemp THC industry is fighting to save itself from a looming federal ban

A US hemp-derived THC industry worth an estimated $28 billion is lobbying to survive an approaching federal prohibition. The sector, which grew out of the 2018 Farm Bill's hemp legalization, faces new restrictions that would effectively ban intoxicating hemp products. Industry groups are pressing lawmakers for a reprieve, while critics back tighter rules.

Why now: Congressional action to close the hemp loophole has put the fast-growing industry's future in doubt.

US hemp THC industryUS Congress

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