
Republican-Led House Committee Passes Bill To Ban Hemp Products With THC
Delta-8, which contains tetrahydrocannabinol, which the FDA says has not been evaluated or approved ... More "for safe use and may be marketed in ways that put the public health at risk," according to the federal government website, is being marketed in the mid-Atlantic area, including in stores like this one in downtown Baltimore on May 12, 2022. (Karl Merton Ferron/Baltimore Sun/Tribune News Service via Getty Images)
A Republican-led House committee has approved a spending bill that includes a measure to ban all hemp products with THC nationwide, a move that could upend the entire U.S. hemp industry.
The House Appropriations Subcommittee on Agriculture, Rural Development, Food and Drug Administration, and Related Agencies approved on June 5 the fiscal year 2026 spending proposal in a 9–7 vote, sending it to the full Committee.
The bill covers a wide range of issues, including hemp. One section of the bill would, in fact, redefine hemp under federal law to ban cannabis products that contain any 'quantifiable' amount of THC or any other cannabinoids with similar effects or marketed as such on people or animals.
The language used to define hemp is similar to an amendment to the new Farm Bill that was approved last year by the U.S. House Agriculture Committee. That amendment, proposed by Republican Rep. Mary Miller of Illinois, aimed to shut down the gray market for intoxicating hemp-derived products like delta-8 THC by closing the loophole created by the 2018 Farm Bill. However, it wasn't ultimately enacted by the last Congress.
Still, the goal remains the same: to close the hemp loophole that's led to a flood of unregulated, intoxicating products being sold online and at gas stations nationwide, as emphasized by the Committee's press release.
Specifically, the bill would redefine hemp to exclude any finished hemp products that contain cannabinoids not naturally produced by the plant, cannabinoids that are naturally occurring but were made or altered outside the plant, any quantifiable amount of THC or THCA, or other cannabinoids with similar effects on people or animals. It would also give the U.S. Secretary of Health and Human Services the authority to decide what counts as a 'quantifiable amount' of THC or similar cannabinoids.
At the same time, industrial hemp grown for industrial purposes would be treated differently, signaling a significant change to the current hemp definition, which, under the 2018 Farm Bill, meant plants with no more than 0.3% THC by dry weight before harvest.
Paula Savchenko, Esq., founding partner of Cannacore Group and PS Law Group, said that the proposed legislation, while maintaining the legal status of industrial hemp for purposes such as fiber, grain, and certain edible products intended for human consumption, 'would effectively ban the vast majority of hemp-derived cannabinoids,' adding that 'its future will depend on further deliberations in Congress and potential revisions during the legislative process.'
The bill is now set for discussion and possible amendments before the full House Appropriations Committee on June 11.
Hemp was legalized nationwide in 2018 with the Farm Bill, which set a limit of 0.3% THC for cannabis grown for industrial purposes. This was meant to keep hemp products from having the intoxicating effects of recreational cannabis, which remains illegal at the federal level.
But the rise of hemp cannabinoid extraction opened the door to products containing intoxicating hemp-derived cannabinoids like delta-8 THC, which users say produces a similar high to traditional cannabis.
These products are now widely sold in stores, gas stations, and online across the country. A 2022 study found they're especially popular in states that haven't legalized recreational cannabis.
The gray legal status of hemp products with THC has stirred concern over both safety and regulation. Though technically legal under federal law, their effects closely mirror those of recreational cannabis, which is still banned at the federal level. That disconnect has left states scrambling, as businesses capitalize on a loophole in the Farm Bill to produce and sell these products with little oversight.
The boom of hemp products with THC has, in fact, fueled what's expected to become a multi-billion dollar industry. But it has also pushed many states to step in with their own rules, some opting to regulate, others choosing outright bans. States like Minnesota, Iowa, and Kentucky have regulated products like delta-8 THC, while New York, Delaware, and Colorado, among other states, have banned them altogether. In recent months, Texas lawmakers have been trying to ban hemp products with THC.
While states continue crafting their own rules on hemp products with THC, this federal bill could shut the entire market down by banning all such products nationwide and closing the loophole that allowed hemp products with THC to be sold legally under the 2018 Farm Bill.
The move, however, has sparked a backlash from hemp industry associations.
Jonathan Miller, general counsel for the U.S. Hemp Roundtable, said in a press statement that the group is 'deeply disappointed' with Rep. Andy Harris, Republican of Maryland, who chairs the House Agriculture Appropriations Subcommittee. Miller accused Harris of trying to 'shoehorn a farmer-crushing, job-killing hemp ban into a spending bill,' and expressed hope that the effort will fail, as it has in the past.
Meanwhile, the National Cannabis Industry Association (NCIA) is calling on lawmakers to reject proposed language that would redefine hemp in a way that bans any product with a 'quantifiable' amount of THC. The group warns that the ban on hemp products with THC would devastate legal businesses and drive demand toward the unregulated black market.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
22 minutes ago
- Yahoo
Trump's Tariffs Trigger Layoffs: Monopoly Maker Hasbro Slashes Jobs — These Companies Are Cutting Too
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Monopoly maker Hasbro Inc. (NASDAQ:HAS) announced that it has cut 3% of jobs amid higher tariffs on imports from China. Here's a list of five other publicly traded companies that have either reduced their workforce or intend to do so due to the impact of tariffs. What Happened: After announcing 900 job cuts in December 2023, the Hasbro management told Reuters that it laid off 150 employees or 3% of its workforce in its latest cost-cutting effort on June 18, 2025. According to its fiscal 2024 annual filing, the company had roughly 4,985 employees globally. The company CEO, Chris Cocks had hinted the same during the first quarter earnings call stating that 'Ultimately, tariffs translate into higher consumer prices, potential job losses as we adjust to absorb increased costs, and reduced profits for our shareholders.' Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — He had also said during the same call that the expanded rate on imports from China 'is creating volatility and introducing a range of scenarios for how the year could unfold.' Apart from Hasbro, other firms that have reduced their workforce due to tariffs include; Stellantis NV (NYSE:STLA): The automaker announced temporary layoffs of 900 workers across five U.S. facilities due to production pauses at its Canadian and Mexican plants, directly linked to tariffs announced in April 2025. Cleveland-Cliffs Inc. (NYSE:CLF): The steelmaker laid off 1,230 workers, with 600 job cuts at its Dearborn, Michigan, plant and 630 at two iron ore mines in Minnesota, citing falling automotive demand due to tariffs on steel and auto imports. United Parcel Service Inc. (NYSE:UPS): UPS announced expected layoffs of approximately 20,000 workers in 2025, citing "current macro-economic uncertainty" and reduced shipping volumes due to tariffs. Volvo ADR (OTC:VLVL): The company plans to lay off 550–800 workers at three U.S. facilities over three months, citing market uncertainty and reduced demand due to tariffs. Deere & Co. (NYSE:DE): The tractor manufacturer laid off 9 workers at its Ankeny, Iowa, facility, as per a Nation of Change report. The company expressed concerns about the impact of tariffs on production It Matters: President Donald Trump's reciprocal tariffs are on pause till July 9 while the administration is trying to strike deals with its trading partners. Trump declared a sweeping new trade agreement with China via Truth Social following two days of negotiations in London last week, suggesting major concessions from Beijing and lighter U.S. obligations. "Full magnets, and any necessary rare earths, will be supplied, up front, by China," Trump said, adding that the U.S. would reciprocate by allowing Chinese students access to U.S. colleges. The deal includes a significant tariff shift. The U.S. will continue applying tariffs totaling 55% on selected Chinese imports, while China will impose a 10% tariff rate on U.S. goods. Read Next: Maximize saving for your retirement and cut down on taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. Arrived Home's Private Credit Fund's has historically paid an annualized dividend yield of 8.1%*, which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. Photo courtesy: Kobby Dagan / This article Trump's Tariffs Trigger Layoffs: Monopoly Maker Hasbro Slashes Jobs — These Companies Are Cutting Too originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25 minutes ago
- Yahoo
3 growth stocks I've bought for the ‘AI agent' revolution
As a long-term investor, I tend to focus on big, powerful investment themes. And one theme I'm really excited about today is the emergence of 'AI agents' – software that can perform business tasks autonomously. I believe the investment potential here is enormous. With that in mind, here are three growth stocks I've bought for the agentic AI revolution. My number one play on AI agents today is software company Salesforce (NYSE: CRM). It has a product called Agentforce and it's having a lot of success with it. Indeed, since its launch in October last year, the company has signed over 8,000 customers. Of these, around half are now paying for the service. The main reason I'm bullish here is that Agentforce integrates really well with Salesforce's apps and data services (Data Cloud and Tableau Next). This is important – without the right data, agents are likely to be useless. I'll point out that ServiceNow's agentic AI offering also integrates well with data and apps. So, competition from this firm is a risk. However, I like the risk-reward proposition here at today's share price and valuation. Salesforce trades on a price-to-earnings (P/E) ratio of just 23. I believe the stock offers value at present and is worth considering. Microsoft (NASDAQ: MSFT) is well known for its generative AI capabilities (it's a part-owner of ChatGPT-owner OpenAI). What a lot of investors don't realise, however, is that this company is also a major player in the agentic AI space. Today, it offers a range of services designed to help developers/organisations build and deploy agents to increase business productivity. For example, Azure AI Foundry Agent Service allows professional developers to build specialised agents to handle complex business tasks. I was buying this growth stock a few months ago when it was near $350. It's now at $480, so doesn't look as attractive as it did back then. That said, I think it's still worth considering for the long term (especially on a 5%-10% pullback). While competition from other cloud computing giants such as Amazon and Alphabet is a risk, I believe this stock has bags of potential. Finally, I think CrowdStrike (NASDAQ: CRWD) could be a major player in the agentic AI revolution. It's one of the world's leading cybersecurity companies. It offers a solution called Charlotte AI, which CEO George Kurtz refers to as the company's agentic security analyst. This is designed to transform threat detection and response by bringing automation and autonomous reasoning to cybersecurity operations. CrowdStrike should also benefit from other companies' rollout of AI agents. Given that they typically have access to massive amounts of data, they are going to significantly increase the surface area of IT that needs to be protected. Now, this stock is the riskiest of the three. That's because it's a much younger company (meaning it's a little more unproven) and doesn't have a lot of profits at this stage. It has also had a huge run this year, rising over 40%. I still believe it's worth considering, but I think investors are better off waiting for a pullback before buying. The post 3 growth stocks I've bought for the 'AI agent' revolution appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool Edward Sheldon has positions in Alphabet, Amazon, CrowdStrike, Microsoft, and Salesforce. The Motley Fool UK has recommended Alphabet, Amazon, CrowdStrike, Microsoft, ServiceNow, and Salesforce. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25 minutes ago
- Yahoo
Putting these 4 in a Stocks and Shares ISA gives exposure to over 1,000 companies at a 10.6% discount!
Those with a Stocks and Shares ISA will be familiar how it can be badly affected by uncontrollable events. In recent weeks, President Trump's erratic approach to tariffs has caused turmoil for global stock markets. And with so much uncertainty, it's hard to know who the winners and losers will be. That's why, at times like these, I think it's a good idea to try and spread risk over as many investments as possible. But that's easier said than done. For example, how many is the 'correct' number of stocks to own? One way of achieving a diversified portfolio — with the minimum of effort — is to buy an investment trust. And I've found four that, between them, have positions in around 1,000 companies. I say 'approximately' because some of their investments are in other trusts, and information about how many stocks these own isn't readily available. Stock Net asset value (£bn) Market cap (£bn) Premium / (Discount) (%) Dividend yield (%) City of London Investment Trust 2.377 2.423 1.9 4.3 Alliance Witan 5.026 4.795 (4.6) 2.3 The Bankers Investment Trust 1.355 1.237 (8.7) 2.3 Caledonia Investments 2.937 2.000 (31.9) 2.0 Combined 11.695 10.455 (10.6) 2.7 Importantly for those looking to diversify, the four own shares in businesses that operate in many different industries including IT, financial services, healthcare, real estate and utilities, across every continent. Many of the stocks are privately-owned, which means they are less affected by stock market volatility. Despite this, it's inevitable there will be some overlap. For example, Alliance Witan (LSE:ALW), Caledonia Investments and The Bankers Investment Trust all own Microsoft shares. And because these three trusts trade at a discount to their net asset value, they are – on paper at least — undervalued. However, it should be pointed out that discounts are common with these types of funds, especially ones that have a large exposure to unquoted companies. These holdings can be difficult to value as there isn't an active market for their shares. I also think it's worth noting that the four share an impressive record of increasing their dividends for 58 consecutive years! The largest on the list is Alliance Witan. Following a merger with a rival in 2024, it became a member of the FTSE 100. The trust has a simple investment objective, which is to achieve long-term capital and income growth. At 31 May, it held 229 stocks with a market-cap of £4.7bn. Its three biggest holdings were Microsoft, Amazon and Visa. Some investment trusts can have relatively high levels of debt which makes them vulnerable to rising borrowing costs. But Alliance Witan's gross gearing was only 8.4% at the end of 2024. Its target is 7.5-12.5%. Over the past eight years or so, it's delivered a healthy return. From 1 April 2017 to 31 May, its share price increased by 105.6%. During the five years to the end of May, it went up 76.3%. However, because it mainly invests in global equities it's not immune from stock market volatility. And over the past five years, the trust's been marginally outperformed by the MSCI ACWI index, the benchmark against which it measures itself. But with over 200 positions in 11 sectors, spread across four continents, it's well diversified. On this basis, I think Alliance Witan's a stock that those looking to follow a risk-averse strategy could consider. As for the other three, I'd have to do more research before deciding whether to part with my cash but, in principle, I believe investment trusts are an excellent way of spreading risk. The post Putting these 4 in a Stocks and Shares ISA gives exposure to over 1,000 companies at a 10.6% discount! appeared first on The Motley Fool UK. More reading 5 Stocks For Trying To Build Wealth After 50 One Top Growth Stock from the Motley Fool John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. James Beard has no position in any of the shares mentioned. The Motley Fool UK has recommended Amazon, Microsoft, and Visa. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Motley Fool UK 2025