Hemp ban would shut down 68% of US industry, report finds
A report by Whitney Economics indicates that if the upcoming U.S. hemp product ban goes into effect on December 11 as scheduled,approximately 68.1% of hemp-related businesses are expected to shut down entirely. This ban, part of a broader government funding agreement, was initially set for November 11 but has been delayed by four weeks through congressional action as the industry seeks to negotiate for a reprieve.The report highlights the serious economic impact on the national hemp industry, particularly on businesses dealing with hemp-derived THC products.
EXCLUSIVE — If the impending ban on U.S. hemp products takes effect as written on Dec. 11, about 68.1% of U.S. hemp-related businesses will fold entirely, according to a new economic report on the hemp cannabinoid industry.
Whitney Economics, a research and consulting group that analyzes hemp and cannabis economics, released a report Tuesday on the current state of the national hemp industry ahead of the December ban on hemp-derived THC products. Congress wrote and approved the hemp-banning language as part of a November 2025 deal to fund the government after the 43-day shutdown. The ban was initially set to take effect on Nov. 11, but Congress recently voted to delay the ban by four weeks as the industry attempts to negotiate a reprieve.
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