How Hemp-THC businesses are bracing for a near total ban

大麻-THC企业如何应对即将到来的全面禁令

The Indicator from Planet Money

2026-09-21

8 分钟
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Follow us to Tennessee where hemp farmers are already pivoting in the face of a state ban and soon, a looming federal ban on basically all THC-derived hemp products. Will Congress step in to save this $28 billion industry?  Fact checking by Sierra Juarez. Your Next Listen — How would-be weed merchants hit a ‘grass ceiling’  Connect with The Indicator — Sign up for The Indicator’s weekly newsletter! — Buy the Planet Money book — Find our socials, YouTube and more! — For sponsor-free episodes, subscribe to NPR+  Support public media with NPR+ and enjoy perks for over 25 podcasts like this one. This show’s perks include sponsor-free listening. Learn more at plus.npr.org. See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences. NPR Privacy Policy
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  • NPR.

  • Recreational weed is legal in half of all the U.S.

  • States.

  • But even in places where it's not,

  • you'll still see smoke shops and liquor stores selling things with that signature star-shaped leaf.

  • THC drinks, vapes, edibles, all of those are legal because of a loophole in the 2018 Farm Bill.

  • That bipartisan legislation allowed a low level of THC derived from hemp.

  • Yeah, but when it's treated in a lab, that low level of THC can end up mimicking the effects of weed.

  • Right.

  • That's how we got Delta 8, Delta 9. I think we're up to Delta 11 now.

  • Probably we'll never see Delta 12. Much like the Fast and Furious franchise.

  • But instead of an aging cast and a desperate need for new ideas, this collapse is all on the government.

  • Because Congress is putting an end to that loophole with a harsher ban on THC.

  • This is the Indicator for Planet Money.

  • I'm Adrian Ma.

  • And today I'm joined by Mariana Bakayau, a reporter from WPLN in Nashville.

  • Hey there.

  • Hi, great to be here.

  • And yeah, that ban will mean an end to the hemp industry's most popular products.

  • That's a $28 billion industry that could be gone by the end of the year.