Hemp’s Existential Crisis: The Secret Deadline You Didn’t Know About
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The hemp industry is facing a critical juncture with a looming deadline that could potentially kill hemp profits. As the hemp business continues to grow, cannabis compliance is becoming increasingly important to avoid any potential setbacks. The recent FinCEN guidance has sent shockwaves through the hemp industry, with many fearing a possible hemp ban in 2025. This could have severe consequences, including making CBD illegal in 2025, which would be a devastating blow to the industry. Congress is set to make a decision on the hemp ban, and it is crucial for hemp businesses to be aware of the implications and take necessary steps to ensure compliance. In this video, we will discuss the secret deadline that will kill hemp profits and what hemp businesses can do to stay ahead of the curve and thrive in the face of uncertainty. With the hemp industry at a crossroads, it is essential to stay informed and up-to-date on the latest developments, including the potential hemp ban and its impact on the industry. By understanding the importance of cannabis compliance and the potential consequences of non-compliance, hemp businesses can take proactive steps to protect their interests and ensure a prosperous future.
FinCEN Guidance: https://www.fincen.gov/system/files/2020-06/FinCEN_Hemp_Guidance_508_FINAL.pdf
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00:00 Introduction: The Hidden Death Sentence in the Farm Bill
01:22 Understanding the New Hemp Law and Its Implications
02:08 The Real Executioners: Banks and Regulators
02:41 FinCEN Guidance and the Redefinition of Legal Hemp
06:30 Quarter-by-Quarter Breakdown: Surviving the Transition
14:42 Practical Steps for Hemp Businesses
16:42 Conclusion: Preparing for the Future
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