Ban on $28 Billion Legal Hemp Market Advances in Farm Bill (1)

May 24, 2024, 4:39 AM UTCUpdated: May 24, 2024, 3:28 PM UTC

The House Agriculture Committee advanced a proposal to ban the sale of most intoxicating hemp products containing cannabinoids during a markup of its farm bill that ran into the early hours of Friday morning.

The change would curb a burgeoning multibillion-dollar industry by amending the definition of hemp, which was federally legalized in the last farm legislation, to cover only “naturally derived, non-intoxicating cannabinoid” products.

The 2018 farm bill inadvertently gave rise to “a massive gray market worth an estimated $28 billion” of potent products especially enticing to children, 21 state attorneys general warned in a Monday letter to lawmakers. ...

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