‘What Newsom Is Proposing Will Crater The Hemp Industry’: Could California’s Restrictions Spread Nationwide?
California’s recent emergency rules aimed at limiting hemp products have ignited concerns within the cannabis industry.
Governor Gavin Newsom‘s decision to tighten regulations raises questions about how these restrictions will affect the market in California and across the U.S. As one of the nation’s most influential states for cannabis policy, California’s approach could set the tone for other states, with potentially far-reaching consequences for businesses and consumers alike.
Jason Paredes, director, and architect at Hearst, spoke about these new regulations and the challenges they may bring for both hemp and cannabis operators ahead of his appearance at the Benzinga Cannabis Capital Conference.
California’s Missed Opportunity?
Paredes expressed concerns that California’s restrictive policies could undermine the state’s role in the broader cannabis industry. “Governor Newsom is missing, in …