Ashley Guy runs a smoke shop in Tallahassee. She says she’s thrived since she moved from Seattle to Florida five years ago, with profits of more than $5 million from the sales of cannabis hemp products. But if a new proposal in the Florida Legislature passes, “this would just decimate business” she said on Tuesday.
She added that if the caps on THC—the compound in the plant associated with getting you high—on hemp products were imposed, customers would simply buy multiple packages of “gummies,” or would buy higher-dose products online from other states.
Guy and other hemp entrepreneurs are back in the legislature in 2024, fighting again to ensure they can continue to make a living in the hemp industry. But on Tuesday, lawmakers in a committee decided to impose restrictions on hemp products and substantially regulate the hemp market in Florida.
That was met with strong opposition by members of the industry, but nonetheless, the legislation (SB 1698) passed unanimously in the Senate Agriculture Committee. (Keep in mind that lawmakers in the House and Senate need to agree to be able to pass the legislation.)
The measure is being sponsored by Polk County Republican Colleen Burton.
It would make a number of changes to the hemp industry in the state, which has operated legally since 2019, shortly after the passage of the 2018 U.S. Farm Bill. That bill made hemp production and distribution legal under federal law and allowed states to create such programs. The Farm Bill defined hemp as the cannabis plant with one key difference: hemp cannot contain more than 0.3 percent of THC.
The most lucrative part of the hemp industry has involved the production of biomass that contains cannabidiol (CBD), a non-psychoactive compound believed to treat health conditions like anxiety, stress, anxiety and inflammation.