Bipartisan Bill Aims to Save Hemp-Derived THC Market With Regulation and Taxes
A bipartisan group of lawmakers introduced the Lawful Hemp Protection Act to preserve many hemp-derived THC products beyond November by expanding the federally legal definition of hemp to allow up to 1% total THC on a dry-weight basis, while adding labeling, age restrictions (21+), manufacturing/testing standards, and new taxes funded by a federal Hemp Oversight Trust Fund; the bill also bans certain artificially modified cannabinoids (e.g., HHC, THCP, THCO–acetate) and establishes a permit system and uniform federal standards, with some revenue earmarked for enforcement and highway funding. The White House indicates support, but the measure faces an uphill fight amid varied industry and political opposition.
- New Bipartisan Bill In Congress Would Keep Hemp THC Products Legal, With New Taxes And Regulations Marijuana Moment
- Time is running short for Congress to reverse a looming ban on hemp-derived THC products Star Tribune
- Bipartisan duo introduce bill defining regulatory framework for hemp products The Hill
- Tell Congress: Cosponsor the Bipartisan Lawful Hemp Protection Act U.S. Hemp Roundtable
- Bipartisan effort to save (and tax) hemp THC products introduced in Congress MJBizDaily
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