Eight Democratic senators urged regulation of cannabis-derived THC products, rather than a Republican-led proposal that would end protections in the Farm Bill and rejudgment on marijuana.
But a Republican senator fears that in the next two weeks, condemnation and “completely kill the industry.”
Federal lawmakers are fighting the explosive growth of intoxicating cannabis-derived THC products following the 2018 Farm Act.
But in the Republican-controlled Congress, Republicans are not regulating, but are pushing for the redefinition of the language of cannabis under federal law to ban most cannabinoid products.
Last month, Republican Sen. Rand Paul, of Kentucky, removed many proposals for marijuana products from a major spending bill at the last minute.
But advocates like Sen. Mitch McConnell, a Republican of Kentucky, have vowed to try again.
Correcting different housing and Senate agricultural spending bills is one of Congress’ main businesses, the government shut down on September 30, when some funds expired.
The fate of the U.S. marijuana sector is part of these negotiations.
Democratic senators urge regulation of $28.4 billion in cannabis industry
In a Sept. 16 letter to South Dakota Republican Majority Leader John Thune and New York Democratic minority leader Chuck Schumer, eight Democratic U.S. senators warned that redefining marijuana “would have a fatal blow to the U.S. marijuana sector.”
“According to the latest USDA data, more than 70% of the cannabis area is dedicated to the production of cannabinoids – hemp even brings higher profits to farmers than corn or soybeans,” the letter reads.
It added: “If this language becomes law, it would have a fatal blow to American farmers who are the foundation of the regulated cannabis industry and endanger tens of thousands of dollars in economic activity across the country.”
According to their letter, the lead signator of the U.S. cannabis industry is Sens. Ron Wyden and Jeff Merkley, “now support 320,000 U.S. jobs, generate $28.4 billion in regulated market activity and generate about $1.5 billion in state tax revenue.”””””””””””””””””””””””””””””””””””””””””””””””””””””””””””””””””””””””””””””””””””””””””””””””””””””
The letter reads that the ban “immediately pushes the value of thousands of acres of crops across the United States to zero, including 3,900 acres of land in South Dakota.”
It added: “Let’s adjust these products together.”
But in an interview with Dales’ report on Wednesday, Paul expressed concern that his colleagues were keen on suppression.
Republican senator warns “the danger of prohibiting language”
Paul told Dalis’ Report that an agricultural spending bill is currently being negotiated. ”
Paul said he was “very worried that the industry as a whole might make it illegal in the next two weeks.”
In the interview, Paul mentioned state-level bans like California.
In the state, regulated cannabis industry interests require regulators to reduce cannabis-derived competitors.
But the state has passed a ban on cannabis-derived THC, in part because Gov. Gavin Newsom’s teenagers are able to buy a large number of intoxicating cannabis products, Paul said.
“If anything, it would be hard to swing when it comes to the prophylacticians,” he said.
“There must be some reasonable regulations that everyone can agree to.”
