Reason.com: FDA Ban on CBD Foods Handcuffs Hemp Industry
Earlier this month, the editors of the cannabis investment news site Technical420 lamented that a predicted hemp boom had failed to materialize, writes Bayleen Linneken for Reason.com.
“[T]he sector has not lived up to expectations,” Technical420.com declared. Likewise, Hemp Industry Daily reported this week that hemp farmers found “production costs far outpaced profits” last year.
Others outside the industry have also taken note of hemp’s struggles.
Earlier this week, Politico reported that laws passed in Washington, D.C., that were intended to propagate a domestic hemp industry have instead proven to be “a flop.” Why? One explanation is that hemp producers and investors didn’t account for the Food and Drug Administration (FDA) when they made their bets.
Read the rest of Linneken’s report here.
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