An amendment to the new Farm Bill may end the gray market for intoxicating hemp-derived products, like delta-8 THC, by closing the loophole from the 2018 Farm Bill. In this blog, we explore the proposed delta 8 ban, its impact on users and businesses. We aim to provide a comprehensive understanding of the potential changes and their implications.
In the recent discussions around the Delta-8 THC Ban, it’s important to understand what D8 THC is.
D8 THC, or delta-8 tetrahydrocannabinol, is a natural compound found in small amounts in hemp and cannabis plants. While delta-9 (D9) THC is the most common form, D8 is chemically similar but less potent because it binds less strongly.
From a user’s perspective, D8 offers a moderate high, allowing for productivity along with benefits like relaxation, euphoria, and pain relief.
Despite the proposed ban on Delta-8 THC and other intoxicating hemp-derived products included in the amendment to the 2024 Farm Bill, many people continue to use Delta-8 THC for several reasons.
Many people use delta-8 (D8) because it offers unique benefits compared to delta-9-THC. According to a survey, the primary reasons for its popularity include less paranoia, reduced anxiety, and a generally “nicer” high. Users often report relaxation, euphoria, and pain relief.
While some side effects like difficulty concentrating, short-term memory issues, and an altered sense of time are noted, these are less severe than those associated with regular marijuana. This makes delta-8 an appealing alternative for those seeking the benefits of THC without intense psychoactive effects.
The versatility in consumption methods also contributes to its continued use. Edible products like brownies and gummies provide a convenient option, while tinctures can be added to food, drinks, or taken sublingually.
Inhalation methods, including disposable devices and cartridges like the Artrix Cubox, cater to both beginners and experienced users, allowing for controlled and discreet use. Additionally, smoking delta-8 as buds, flowers, or hemp with delta-8 concentrate offers another familiar method for traditional cannabis users. This wide range of options makes delta-8 accessible and appealing to many people.
The proposed amendment to the 2024 Farm Bill, introduced by Rep. Mary Miller, aims to ban intoxicating hemp-derived and synthesized cannabinoid products like delta 8 THC. This delta 8 ban could significantly disrupt the market dynamics for businesses relying on these products.
Since the 2018 Farm Bill, hemp cannabinoid extraction has created a $28 billion gray market. The ban would force many businesses to stop selling and producing intoxicating hemp products, threatening revenue and causing potential financial losses and layoffs.
Moreover, the amendment redefines “hemp” to distinguish between cannabinoid extraction and industrial hemp. This adds regulatory complexities for businesses.
Companies producing non-intoxicating substances from hemp will need to comply with new definitions and regulations. Businesses heavily invested in intoxicating hemp-derived products would face significant hurdles to quickly pivot their business models.
The uncertainty around the legislative outcome could create a volatile market environment, affecting investor confidence and leading to a possible contraction in the industry until clear regulations are established and businesses can adapt.
The 2024 Farm Bill draft is in its early stages. The Senate has not released its full version yet. It is uncertain if Congress will mediate a solution to regulate intoxicating hemp-derived and synthesized cannabinoid products. The new Farm Bill might end this market.
What is D8 THC?
In the recent discussions around the Delta-8 THC Ban, it’s important to understand what D8 THC is.
D8 THC, or delta-8 tetrahydrocannabinol, is a natural compound found in small amounts in hemp and cannabis plants. While delta-9 (D9) THC is the most common form, D8 is chemically similar but less potent because it binds less strongly.
From a user’s perspective, D8 offers a moderate high, allowing for productivity along with benefits like relaxation, euphoria, and pain relief.
Why Do So Many People Use D8?
Despite the proposed ban on Delta-8 THC and other intoxicating hemp-derived products included in the amendment to the 2024 Farm Bill, many people continue to use Delta-8 THC for several reasons.
Many people use delta-8 (D8) because it offers unique benefits compared to delta-9-THC. According to a survey, the primary reasons for its popularity include less paranoia, reduced anxiety, and a generally “nicer” high. Users often report relaxation, euphoria, and pain relief.
While some side effects like difficulty concentrating, short-term memory issues, and an altered sense of time are noted, these are less severe than those associated with regular marijuana. This makes delta-8 an appealing alternative for those seeking the benefits of THC without intense psychoactive effects.
Versatility in Consumption Methods
The versatility in consumption methods also contributes to its continued use. Edible products like brownies and gummies provide a convenient option, while tinctures can be added to food, drinks, or taken sublingually.
Inhalation methods, including disposable devices and cartridges like the Artrix Cubox, cater to both beginners and experienced users, allowing for controlled and discreet use. Additionally, smoking delta-8 as buds, flowers, or hemp with delta-8 concentrate offers another familiar method for traditional cannabis users. This wide range of options makes delta-8 accessible and appealing to many people.
Immediate Impact of the Delta 8 Ban on Businesses
The proposed amendment to the 2024 Farm Bill, introduced by Rep. Mary Miller, aims to ban intoxicating hemp-derived and synthesized cannabinoid products like delta 8 THC. This delta 8 ban could significantly disrupt the market dynamics for businesses relying on these products.
Financial Impact on Businesses
Since the 2018 Farm Bill, hemp cannabinoid extraction has created a $28 billion gray market. The ban would force many businesses to stop selling and producing intoxicating hemp products, threatening revenue and causing potential financial losses and layoffs.
Regulatory Complexities for Hemp Producers
Moreover, the amendment redefines “hemp” to distinguish between cannabinoid extraction and industrial hemp. This adds regulatory complexities for businesses.
Companies producing non-intoxicating substances from hemp will need to comply with new definitions and regulations. Businesses heavily invested in intoxicating hemp-derived products would face significant hurdles to quickly pivot their business models.
The uncertainty around the legislative outcome could create a volatile market environment, affecting investor confidence and leading to a possible contraction in the industry until clear regulations are established and businesses can adapt.
Final Thoughts
The 2024 Farm Bill draft is in its early stages. The Senate has not released its full version yet. It is uncertain if Congress will mediate a solution to regulate intoxicating hemp-derived and synthesized cannabinoid products. The new Farm Bill might end this market.
