Rep. Jimmy Gazaway (R-Paragould) is backing a hemp regulatory bill in Arkansas that has passed the Senate and is now awaiting approval from the House. The bill aims to regulate consumable hemp products, specifically focusing on products containing Delta-8 THC. This bill would only go into effect under certain conditions, such as a ruling upholding a previous ban on such products. The proposed legislation has received support from some in the industry but has faced opposition from others who are concerned about the impact on their businesses.
The bill would also impose permit fees of $5,000, which some business owners say would be difficult for them to afford. Despite concerns, many in the Arkansas hemp industry have voiced support for these products, arguing they are both safe and beneficial for consumers. Those in favor of the bill believe it is necessary to regulate the industry and ensure consumer safety.
Opponents, however, argue that the bill could have negative repercussions for businesses and the overall hemp market in Arkansas. They suggest a more cautious approach to regulation to avoid potentially driving participants out of the market. The legality of the bill has also been called into question, with some claiming it may violate the U.S. Constitution. As the fate of the bill hangs in the balance, stakeholders on all sides continue to debate the best path forward for the Arkansas hemp industry.
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