Congress hemp ban raises fears of mass layoffs and black market growth

Congress hemp ban raises fears of mass layoffs and black market growth

The hemp industry is bracing for layoffs, production reductions and billions in lost revenue after Congress passed a government funding bill late Wednesday containing a surprise provision that will ban nearly all hemp-derived consumer products. Hemp, a derivative of the cannabis plant, was legalized in the 2018 Farm Bill for industrial uses like rope, textiles…

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