2024 Farm Bill Hemp

How could it reshape the hemp industry? Let’s dive in.

Redefining Hemp in the 2024 Farm Bill

The 2024 Farm Bill aims to redefine hemp by 'closing the loophole' from the 2018 Farm Bill. This could ban products like Delta-8 THC and THCA.

What’s Changing?

The 2018 Farm Bill legalized hemp with <0.3% THC but unintentionally allowed a booming market for hemp-derived cannabinoids like Delta-8 and THCA.

Understanding the Loophole

THCA, often sold as hemp, converts to intoxicating THC when heated. The DEA clarified it doesn't meet the legal hemp definition, fueling debates.

The DEA’s Stand on THCA

States like New York, Oregon, and Colorado have banned hemp-derived cannabinoids, while others regulate them outside cannabis markets.

State-Level Bans

Cannabis advocates support tighter regulations for consumer safety. Hemp businesses fear the amendment could devastate their industry.

Industry Perspectives

The amendment must pass the Senate and reconcile with their version before becoming law. The deadline? September 2024.

The Legislative Journey

Will Congress close the loophole, maintain the status quo, or delay decisions again? The stakes are high for the $28 billion hemp market.

The Future of Hemp

HHC Vs. Delta-9

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