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2 clusters · 15 sources · 13 days · First seen · Last updated

US hemp industry federal THC regulation

Overview

The American hemp industry is facing significant economic uncertainty due to a pending federal rule intended to close a loophole in the 2018 Farm Bill. The proposed regulation would cap total THC in finished hemp-derived products at 0.4 milligrams per container, a much stricter threshold than the previous standard of 0.3 percent delta-9 THC by weight. Analysts suggest this could impact a $28.3 billion industry and displace approximately 225,000 jobs.

While the effective date for the ban was recently delayed from November 12 to December 11 following a government-funding bill signed by President Donald Trump, the industry is already seeking mitigation strategies. In Kentucky, industry leaders are urging state lawmakers to implement protections for a local market valued at over $300 million. The Kentucky Hemp Association has proposed legislation to safeguard the cultivation, processing, and sale of hemp-derived cannabinoids under state law, noting that THC-containing products account for roughly 95% of consumer demand.

Entities

Mitch McConnell · Nicholas Hohns · United States Congress · Andy Barr · Kentucky Department for Public Health

Timeline

  1. [BUSINESS] 2 sources
    Kentucky hemp industry seeks state protections against federal THC restrictions

    Kentucky hemp industry leaders are seeking state legislative protections to save a $300 million market and 3,000 jobs ahead of federal THC restrictions set for December 11.

  2. [BUSINESS] 13 sources
    Hemp THC industry faces $28B threat from looming federal ban

    A looming federal ban on hemp-derived THC products could impact a $28.3 billion industry and 225,000 jobs by December 11, as Congress moves to cap THC content per container.

Sources

bangordailynews.com · durangoherald.com · hoylosangeles.com · independent.co.uk · mmjdaily.com · mugglehead.com · newsday.com · smartmusic.com · themarijuanaherald.com · time.news · wdio.com · wishtv.com · wjfw.com · wkms.org · world-today-news.com