New Bill Threatens Hemp Industry, Impacting Farmers & Jobs

On November twelfth, a new proposal hidden within a government funding bill threatens to drastically change the hemp industry. This move, which could undo much of the progress made since hemp was legalized in 2018, potentially impacts thousands of American farmers and businesses. The core of this issue is a redefinition of hemp, which would ban most intoxicating hemp-derived products. Senator Rand Paul from Kentucky tried to remove this new hemp language, but his amendment was rejected. The goal is to stop the unregulated sale of intoxicating hemp products while still protecting non-intoxicating CBD and industrial hemp. However, this change marks a reversal for Senator Mitch McConnell and could wipe out ninety-five percent of the current market, jeopardize hundreds of thousands of jobs, and eliminate over a billion dollars in tax revenue. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.