Participants in the federally legal hemp industry are already required to navigate a complex web of federal and state laws. For example, a hemp product containing 0.2% delta-9 THC and 20% delta-8 THC would, under a “total THC” definition, contain 20.2% total THC. If a state law imposes a limit of 0.3% total THC, the product is illegal under state law. If LB 999 does pass, the NDA director will send a formal letter to USDA rescinding the state hemp plan. The Future of Hemp-Derived CannabinoidsWhile each state’s hemp laws and regulations differ, these proposed (and, in some cases, already enacted) changes will likely have a common result: a negative economic impact on the hemp industry.

Source: Forbes February 22, 2024 19:09 UTC