Summary
The U.S. Senate passed a government funding bill that includes a provision to ban many THC-infused products. The new rules would tighten the 2018 Farm Bill's regulations, affecting about 95 percent of hemp businesses. This change aims to close legal loopholes and may impact the market next year.
Key Facts
- The Senate's new funding bill includes a ban on many hemp-derived THC products.
- The rule change is part of tightening laws from the 2018 Farm Bill, which legalized hemp.
- This new legislation could impact around 95 percent of hemp businesses in the U.S.
- An estimated $1.5 billion in tax revenue could be lost, according to industry groups.
- The law will target products with more than 0.4 milligrams of total THC per package.
- Products like gummies, oils, vapes, and chews with high THC will be banned.
- Only products containing non-intoxicating CBD with less than 0.4 mg of THC will remain legal.
- Industrial hemp fiber and grains are not affected by these changes.
