Bloomberg Law’s Post

Near the top of Congress’ to-do list this year is reauthorizing the 2018 Farm Bill, which expired at the end of September. The new version will almost certainly include an amended definition for hemp that excludes all forms of THC. This will close the loophole created by the bill that accidentally legalized the intoxicating cannabinoid when derived from hemp. States are trying to rein in the market for intoxicating THC products by banning the products outright, regulating them at the state level, or folding hemp-derived THC regulation into their legal cannabis programs. The result is patchwork regulation at the state level that is increasingly complex and inconsistently enforced. State-by-state regulation created a legal landscape for hemp-derived THC that is almost the inverse of cannabis: States with legal cannabis are more likely to ban the products than states where cannabis is illegal because lawmakers tend to avoid addressing the issue at all. For more on the 2025 outlook for hemp-derived THC, read Meghan Thompson's analysis, available for free as part of our annual lookahead report: https://lnkd.in/eDcrV-As

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