AGP Executive Report
Last update: 4 hours agoKentucky Licensing: Hemp businesses urged lawmakers to cut licensing costs, with one operator saying fees exceed $13,000 a year. Proposals include combining permits and lowering shipping fees as the state weighs tighter enforcement. Federal Rules: New restrictions on intoxicating hemp-derived THC products are set to take effect Dec. 11, threatening a reported $200 million market. The changes target certain THC products, not CBD broadly. Business Fallout: Somerset brewer Oliphant Brewing is bracing for lost sales from THC drinks and gummies, while Virginia’s 2-milligram THC-per-package limit has helped force Manassas retailer District Hemp to close after nine years.
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