Sen. Mitch McConnell closed a loophole in a hemp law he championed. Now a $28 billion THC industry that gets people high is fighting for survival
The industry hopes to save itself by restricting impairing products to people 21 and older, limiting how much THC can be in a package, and banning imported cannabis compounds.
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# Summary Senator Mitch McConnell's recent closure of a hemp law loophole threatens a $28 billion intoxicating THC industry that had thrived in a regulatory gray area, potentially impacting numerous cannabis producers and retailers. The industry is attempting to preserve itself through proposed self-regulation measures including age restrictions to 21+, per-package THC limits, and bans on imported cannabis compounds, though the success of these measures remains uncertain amid ongoing regulatory scrutiny.
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