Sen. Mitch McConnell closed a loophole in a hemp law he championed. Now a $28 billion THC industry that gets people high is fighting for survival
- Posted on October 4, 2026
- By Fortune
- 1 Views
- 1 min read
A thriving $28 billion cannabis extract industry faces regulatory challenges following Senator McConnell's efforts to close legal gaps in hemp legislation. The sector, which produces intoxicating products derived from hemp-derived compounds, is pursuing survival strategies including age restrictions for consumers, package potency limits, and import restrictions on foreign cannabis materials. These measures aim to create industry self-regulation before stricter federal oversight is implemented.
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