Study: Virginia Hemp Crackdown Could Cost 4,000 Jobs

A study by Whitney Economics suggests that the Virginia bills to crack down on hemp products in the state could lead to more than 4,000 people out of a job, WTVR reports. The measures, passed by the General Assembly last month, include THC caps, a more robust permitting system, and stricter labeling rules for hemp products that contain intoxicating levels of THC, including delta-8 products. 

The Whitney study found about 4,200 people were employed by stores that sell CBD and hemp products in Virginia and that if the measure is signed into law by Gov. Glenn Youngkin (R) those jobs would be in jeopardy.

The bill was meant to target delta-8 products, but opponents say it is written so broadly that it could prevent businesses from selling CBD products.

Jason Blanchette, a business owner and president of the Virginia Cannabis Association, said the organization is “trying to implore the governor and his team right now,” while describing the situation as “a mess.”

“The pendulum has swung so far the other way that this bill is now going to throw out the baby with the bathwater,” he told WTVR. “We’re an agricultural state. We’re attempting to do whatever we can right now to keep that going.”

The bill originated with Youngkin’s office which almost guarantees that he will sign it into law.

Get daily cannabis business news updates. Subscribe

Have an additional perspective to share? Send us a message to let us know, and if your comment is chosen by our editors it could be featured here.

Thanks for reading our latest news article. Stay up to date on the latest hemp news, sourced and approved by HempRevs. If you have any questions or comments, please feel free to leave us a message in the comments!

Sign up for our weekly newsletter to stay up to date on the latest Industry news and check back soon for our next news article!

Source Disclaimer: This article was was sourced from (the Original Publisher). In order to maintain the functionality, trust, and safety of, the content sourced from the Original Publisher may have been altered. Read the original article here:
Study: Virginia Hemp Crackdown Could Cost 4,000 Jobs

Your subscription could not be saved. Please try again.
Awesome! You've Successfully Subscribed!

Join Our Newsletter

Get our latest reviews, news, and articles sent to your inbox every week!

Latest Articles

Galaxy Treats Banner Ad - 300x600

Related Content

Leave A Reply

Please enter your comment!
Please enter your name here