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Senate Bill Bans Hemp THC, Reversing Farm Bill Policy

U.S. Senate spending bill includes ban on hemp-derived THC products, reversing 2018 Farm Bill policy. Major shift for cannabis industry affecting companies like Curaleaf Holdings.

This regulatory reversal threatens to dismantle a multi-billion dollar hemp-derived THC industry that emerged following the 2018 Farm Bill, potentially eliminating thousands of jobs and disrupting supply chains for products that have become widely available in retail markets. Consumers could lose access to popular hemp-derived products they've come to rely on, while investors face significant uncertainty in a sector that had been experiencing rapid growth. The ban also sets a concerning precedent for cannabis policy instability, suggesting that hard-won legislative victories can be undermined through subsequent budget negotiations without proper public debate or industry input.