Federal Bill Banning Intoxicating Hemp A 'Death Sentence' For Many Chicago Businesses

A recent federal bill banning intoxicating hemp products creates significant challenges for Chicago businesses reliant on these goods. The bill effectively closes a loophole that allowed for THC concentration in hemp, compelling businesses to remove their products within a year. Entrepreneurs, like Jason Knight, express concern that the ban jeopardizes their operations, stating it may drive them to liquidate or relocate. Local dispensaries argue that the unregulated hemp market undercuts their prices and investment, prompting some City Council members to propose bans on hemp products. Mayor Brandon Johnson's plan to tax hemp for a projected $10 million in revenue has been abandoned due to the federal legislation.

Critics, including local business owners, warn that the ban may push the market underground, creating safety concerns. The conflict highlights ongoing tensions between state-regulated marijuana businesses and the hemp industry. As discussions in the state legislature stall, the future of hemp products in Illinois remains uncertain.