The hemp industry, which has experienced significant growth in recent years, is facing an uncertain future due to a new law that could severely impact its operations. In 2018, Congress passed a bill allowing for the production of hemp, providing a boost to the nation’s farmers and economy. However, a recent spending bill inserted language that would end the pro-hemp policy, giving the industry a 12-month wind-down period before all hemp products become subject to a 0.4 mg THC cap.

Impact on the Industry

This change could eliminate 95 percent of the products on the market, including full-spectrum CBD, which many people rely on. The industry has an economic impact of over $28 billion and supports hundreds of thousands of jobs. Many proposals have been floated, but nothing concrete has changed, leaving the industry in a state of uncertainty.

A bipartisan bill has been introduced to regulate hemp beverages under a framework similar to alcohol regulations. The proposal has significant support from both sides of the aisle, but the outcome is far from certain. Supporters of the industry are urging Congress to take action to protect the hemp industry and the jobs it provides.

In Georgia, the hemp industry has created many jobs and generated significant revenue. The state has become a major player in the industry, with many businesses investing in hemp production and processing. The potential loss of this industry could have a significant impact on the state’s economy.

Original reporting: SaportaReport — read the source article.