'Regulate us like alcohol, don't ban us': Proposed hemp THC ban threatens to shut down countless brands
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'Regulate us like alcohol, don't ban us': Proposed hemp THC ban threatens to shut down countless brands
"it's business as usual,"
"Should the law take effect as it is written, brands will fold and disappear,"
"Laws like this signal the beginning of negotiations. The legislation that was signed last night is unreasonable, poorly-written, and disliked by elected officials on both sides of the aisle."
Proposed changes to the 2018 Farm Bill included in the bill ending the government shutdown would effectively ban most hemp-derived THC products after a year. The 2018 Farm Bill removed hemp from the Controlled Substances Act and allowed hemp with less than 0.3% THC to be infused into products, spurring new businesses. Companies selling THC-infused products have reacted variously: some executives express outrage and warn products will disappear overnight, while others view the one-year window as an opportunity to negotiate regulation with lawmakers. Brands like Artet warned the law would cause brands to fold and expect challenges and regulatory adjustments.
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