Congress Delays Federal Ban on Hemp-Derived THC Products Until December 11
The U.S. House of Representatives passed a bipartisan spending bill that pushes back the federal ban on hemp-derived THC products to December 11. The administration announced the delay as part of a government funding measure, providing the hemp industry another month to establish a regulatory framework. This move addresses a loophole in the 2018 Farm Bill that allowed intoxicating hemp products to be sold freely. Without a new regulatory structure, products containing more than 0.4 milligrams of THC per container would be classified as Schedule 1 Controlled Substances. Industry leaders expressed mixed reactions to the reprieve. Jake Bullock, CEO of Cann, noted that the delay helps businesses plan while demand for THC beverages continues to grow. Conversely, Joe Gerrity, CEO of Crescent Canna, highlighted the pressure on small businesses and the need for a permanent solution. While many consumers view THC-infused drinks as a healthy alternative to alcohol, some lawmakers argue that the current lack of regulation poses risks to children and public health.
Sources
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THC drinks could soon be harder to find as Congress delays hemp ban again
CNBC
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Hemp ban delay leads to uncertainty for businesses
FOX 9 Minneapolis-St. Paul
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Hemp and cannabis lobbies intensify feud after Congress delays federal ban
MJBizDaily
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The Next Few Months Will Determine If The Future Of Hemp THC Products Is Regulation Or Prohibition (Op-Ed)
Marijuana Moment