New Federal Bill Threatens Hemp Industry, Consumer Products

On November 14th, a new federal spending bill, signed by President Trump, introduces a provision that could significantly impact the hemp industry. This provision bans THC-infused products, like gummies, drinks, and vapes, containing more than 0.4 milligrams of THC per container. The U.S. Hemp Roundtable warns this could devastate the industry, worth $28.4 billion, eliminating 95% of the market and costing states $1.5 billion in tax revenue. Supporters argue it closes a loophole exploited by businesses, but critics fear it could disrupt care for those relying on hemp products for pain management or sleep. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.