Illinois Lawmakers Want More Oversight Of Hemp Industry

5/14/2024 2:15:41 PM

(MENAFN- Investor Brand Network) Lawmakers in Illinois are calling for
increased oversight
over the state's largely unregulated hemp derivatives market. This market ballooned in the years after the
2018 Farm Bill
legalized industrial hemp and hemp extracts across the United States under state and tribal programs.

In the wake of this legislation, many businesses took advantage of legal loopholes to process and sell hemp derivatives such as cannabidiol (“CBD”), and delta-8 THC. While these derivatives technically aren't illegal under federal law, there are few if any federal or state regulations governing their production and sale. As a result, Illinois and other states with hemp programs have seen a surge in hemp products that claim to do everything from alleviating stress...

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