✉news BusinessEconomy first seen 12 h ago, last 33 min ago, peak #5
$28 billion hemp THC industry fights looming federal ban
Original: A $28 billion hemp THC industry is fighting to save itself from a looming federal ban
A US hemp-derived THC industry valued at roughly $28 billion is campaigning against an impending federal ban that could shut down its products. Producers and sellers are lobbying lawmakers, warning of job losses and business closures, while the ban's supporters cite loopholes in the 2018 Farm Bill that legalized hemp but left intoxicating THC products unregulated.
Why now: An imminent federal ban threatens billions of dollars in sales and thousands of jobs, prompting intense lobbying and debate.
hemp THC industryUnited States2018 Farm Bill
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