Hemp Industry Faces Uncertainty with THC Ban

Brewers like Indeed Brewing face an uncertain future as a federal ban on THC-infused seltzers threatens their business. A loophole in the 2018 farm bill allowed for the creation of these intoxicating products, leading to a booming market. However, a provision in the recent government shutdown bill aims to ban these hemp-derived beverages, impacting over 300,000 jobs and $1.5 billion in tax revenue. Industry groups and lawmakers are now working to find a solution, potentially implementing regulations instead of a complete ban. The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.