Report predicts over two-thirds of U.S. hemp firms will close under pending THC ban
A new Whitney Economics report warns that about 68% of U.S. hemp businesses could shut down if the hemp-derived THC ban takes effect on Dec 11.
The analysis by Whitney Economics projects that roughly 68.1% of hemp-related companies in the United States would cease operations if the scheduled prohibition on hemp-derived THC products is enforced on Dec 11. The ban was added to a November 2025 funding deal that ended a 43-day government shutdown and was originally set for Nov 11 before Congress delayed it by four weeks. Industry participants are now seeking a reprieve as the deadline approaches.
Why it matters
The potential shutdown of most hemp firms would reshape a growing U.S. industry and affect jobs and tax revenue.
In this story
hemp banhemp industryTHC productsWhitney Economicscongressional funding dealbusiness closuresDecember 11government shutdownindustry reprieve
