Hemp-derived THC remains both a billion-dollar opportunity ideal for small businesses and a guarantee of serious trouble for state governments in 2025.
As drastically different situations in California and Florida demonstrate, whether hemp is a golden opportunity or a huge risk all depends on where you live.
And the reality is changing by the day.
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On one hand, Gov. Gavin Newsom’s announcement last week that businesses in the California market are almost totally compliant with a blanket ban on hemp-derived THC presents a dream scenario for many in the state’s $32 billion legal marijuana industry: Consumers are steered squarely toward licensed cannabis stores thanks to proactive government enforcement.
The flip side is the situation in Florida, where, unlike last year, Republican Gov. Ron
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