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FAQ: Trump's Support for Hemp THC Ban in Government Reopening Bill
TL;DR
Curaleaf Holdings Inc. may gain market advantage as the U.S. Senate spending bill prohibits hemp-derived THC products, potentially reducing competition from hemp-based alternatives.
The U.S. Senate approved a spending bill that includes a measure prohibiting hemp-derived THC products, marking a policy shift from the 2018 Farm Bill provisions.
This regulatory change aims to create clearer cannabis industry standards, potentially leading to safer consumer products and more responsible market development for future generations.
The spending bill ending the longest federal shutdown unexpectedly includes a major cannabis policy reversal, prohibiting hemp-derived THC products previously legal under the 2018 Farm Bill.
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The U.S. Senate approved a broad spending bill to end the longest federal government shutdown that includes a measure prohibiting hemp-derived THC products.
This represents a major shift in national cannabis policy since the passage of the 2018 Farm Bill, which had previously legalized hemp production.
The content indicates that President Trump supports the hemp THC ban included in the government reopening deal.
Marijuana industry players like Curaleaf Holdings Inc. (CSE: CURA) (OTCQX: CURLF) are mentioned as watching how the marijuana industry will be affected.
CNW420 is a cannabis industry news service that releases an article each business day at 4:20 p.m. Eastern, providing concise, informative content about regulatory developments and their impact on financial markets.
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