Delta-8 THC Regulations Could Stifle Hemp, Cannabis Markets, Warns Industry Expert
As regulatory scrutiny intensifies around Delta-8 THC, industry experts are raising concerns about its impact on both the cannabis and hemp markets. Beau Whitney, founder and chief economist at Whitney Economics, who will speak at the upcoming Benzinga Cannabis Capital Conference in Chicago, sheds light on how these tightening regulations could stifle market growth and economic potential.
“The tightening of hemp-derived regulations is appropriate in some areas, like age verification, labeling, and testing,” Whitney acknowledged. However, he warns that further restrictions could have far-reaching negative consequences.
“Further tightening in other areas is having a long-term suppressive effect on the overall marijuana growth trajectory. So legislators and regulators are ultimately hurting the future growth of the marijuana market through their actions.”
Economic Consequences for Hemp and Cannabis Markets
Whitney also emphasized the broader economic …