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Virginia Hemp Industry in Crisis | Virginia Beach News
Description
Virginia’s hemp industry is in turmoil as a new August 15th regulation bans products with more than two milligrams of THC per package, wiping out a previous 25:1 CBD-to-THC loophole. Businesses built around that exception now face closure or radical pivots, while customers reliant on these products for pain or sleep relief are being turned away. With federal courts rejecting efforts to block the law, many operators brace for bankruptcy, scrambling to adapt by shifting inventory, diversifying offerings, or waiting for next July’s recreational cannabis market — all while losing trust and revenue in the meantime.
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