Currently, the CBD and hemp industry in North California may be reaching its end. This is caused by a combination of factors, consisting of (a) the elimination of the hemp exemption from the definition of cannabis by the state as of June 30, 2022, and (b) the expiry of all present hemp regulations and laws in the state at June 30, 2022, and (c) the NCGA’s ( North Carolina General Assembly) being unable to enact renewed laws to safeguard the states hemp industry. These events could be disastrous for thousands of hemp industry members and the millions of hemp product consumers in NC.
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