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business1d ago
How a small law change could have a huge impact on the U.S. hemp industry
- The federal rule will shift hemp definition by focusing on final product THC and synthetic cannabinoids, not just the plant’s weight.
- Producers in Kentucky say the rule could end current product lines and threaten jobs if they cannot diversify away from hemp.
- Farmers face significant losses as hemp prices fall while they await clarity on regulatory timing and compliance.
- Advocates argue the change could keep high-THC products out of children's hands and improve consumer safety.
- Lawmakers from Kentucky are considering legislation to reverse or modify the federal hemp rule while the planting season approaches.
- Industrial hemp uses beyond cannabinoids, like fiber for building materials, remain a potential future growth path.
- Farmers like Brian Furnish fear price volatility and uncertain shipping timelines as regulation tightens.
- Some stakeholders see hemp regulation as a pathway to clearer rules for industrial hemp and related products.
- Louisville facility expansion shows how quickly producers responded to growing demand before the rule change.
- The hemp debate includes voices from industry, farmers, retailers, and lawmakers across Kentucky.
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