A $28B hemp THC industry is fighting to save itself from a looming federal ban
A $28 billion hemp THC industry is battling to stay afloat as federal lawmakers move to ban the products. Inside a commercial kitchen near Raleigh, North Carolina, Nicholas Hohns pours a blue-green concoction into a mold to create one of his company's signature THC gummies. The industry, which includes THC seltzers and smokable cannabis flowers, could face elimination after Congress closed a loophole in federal law that allowed its growth and sale.
The ban would limit hemp products to 0.4 milligrams of THC per container, a move that industry advocates say would devastate the market, costing $28.3 billion in retail revenue and eliminating 225,000 jobs.
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