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US hemp THC industry fights looming federal ban
Original: A $28B hemp THC industry is fighting to save itself from a looming federal ban
A $28 billion hemp-derived THC industry in the United States is pushing back against an impending federal ban that would prohibit many of its products. The sector, which grew out of the 2018 farm bill's hemp legalization, faces new restrictions that producers warn could shut down businesses and eliminate jobs, while supporters of the ban cite safety and regulatory concerns.
Why now: News of the approaching federal restriction threatens a large, fast-growing industry, drawing intense attention from businesses and consumers.
hemp THC industryUnited StatesCongress
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- A $28B hemp THC industry is fighting to save itself from a looming federal ban · ABC News - Breaking News, Latest News and Videos
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