420 with CNW — Could Hemp-Sourced THC Finally Push Congress to Act?
Congress is finally moving toward addressing laws tied to the marijuana industry after years of inaction. However, instead of expanding support—such as allowing marijuana businesses access to banking services, easing tax burdens, or opening up interstate trade—lawmakers are shifting their focus to restricting products made from hemp-derived THC. Industry experts and lobbyists say a recent GOP-backed budget plan, introduced in the House and passed by a subcommittee, aims to outlaw products made with hemp-derived THC at the federal level. Even if the proposal doesn’t make it through Congress, it signals a turning point. Many in the industry now believe the…