Farm Bill Amendment Threatens Cannabis Industry

An amendment added to the House’s version of the Farm Bill could end America’s “brief experiment” with cannabis, essentially collapsing a $28 billion industry, The Hill reported.

Introduced by Rep. Mary Miller, R-Ill., the amendment attached to the bill, which passed Friday in the House Agriculture Committee, seeks to overturn a 2018 law that allowed the cultivation of intoxicating cannabis due to vagueness in the bill’s language. 

A coalition of 22 state attorneys general wrote to Congress in March that the 2018 version of the Farm Bill led to the explosion of “a massive gray market worth an estimated $28 billion” and needed to be shut down. They argued the law forced cannabis-equivalent products into states’ economies without considering local regulations and consumer protections.

Read more at Newsmax© 2024 Newsmax. All rights reserved.