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The state has only collected 3% of what it had anticipated from a new hemp tax.
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A federal ban on intoxicating hemp products will go into effect in November, but an additional month’s reprieve is working its way through Congress. Kentucky’s hemp industry hopes it means new energy to protect the growing sector.
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With just over 100 days until federal restrictions on hemp products goes into effect, a Kentucky congressman proposed a set of regulations.
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Starting Wednesday, some of the hemp industry’s most popular products will be taken off the shelves in Tennessee.
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Most of Tennessee’s most popular hemp-derived cannabis products, like THCA, will be illegal to sell starting in July.
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Kentucky Commissioner of Agriculture Jonathan Shell and Congressman James Comer sent a letter to Sen. Mitch McConnell urging a delay of new hemp restrictions.
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Kentucky Republican Congressman James Comer has joined a legislative effort to delay the enforcement of new federal regulations on hemp that are currently set to take effect later this year – ones that some farmers and business owners say would devastate the hemp industry.
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A provision in the government funding bill that will limit the amount of THC in hemp-derived products to 0.4 milligrams per container starting in November 2026 is leaving farmers and business owners scrambling to adjust their operations and stay afloat.
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A hemp company opened a new production facility in Louisville, but Kentucky GOP Sen. Rand Paul said it may go out of business due to legislation passed by Congress last month.
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Several Kentucky Congressmen called on U.S. House leadership to block budget language that would ban certain hemp-derived products, joining hemp farmers.