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What will be the impact on the hemp industry in California due to the emergency rules by June 30, 2025?
2
Resolution / Starting Odds
Significant Negative Impact • 25%
Minor Negative Impact • 25%
No Impact • 25%
Positive Impact • 25%
Industry reports or financial statements from major hemp product companies
Story
Gov. Newsom Announces Emergency Rules to Ban THC-Containing Hemp Products to Protect Kids
Sep 6, 2024, 06:03 PM
California Governor Gavin Newsom has announced new emergency regulations to ban THC-containing hemp products, citing concerns over their intoxicating effects on children. The governor's action aims to address a regulatory loophole that has allowed these products to proliferate on grocery store shelves throughout the state. Newsom emphasized the importance of regulating the hemp industry rather than eliminating it. The emergency rules are intended to protect kids from harmful hemp products with any detectable amount of total THC.
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Yes • 50%
No • 50%
Passed and signed into law • 25%
Passed but not signed into law • 25%
Not passed • 25%
Withdrawn or stalled • 25%
Significant market share loss • 25%
Minor market share loss • 25%
No change in market share • 25%
Market share increase • 25%
No significant impact • 25%
Minor financial losses • 25%
Major financial losses • 25%
Farm declares bankruptcy • 25%
Decision upheld • 25%
Decision overturned • 25%
Settlement reached • 25%
No legal action taken • 25%
Yes • 50%
No • 50%
Significant Positive Impact • 25%
Moderate Positive Impact • 25%
No Significant Impact • 25%
Negative Impact • 25%
Increased gas prices • 25%
Decreased gas prices • 25%
No significant change • 25%
Refinery closures • 25%
Injunction upheld, law blocked • 25%
Injunction overturned, law enforced • 25%
Law revised and passed • 25%
Other outcome • 25%
Significant decrease in sales • 25%
Moderate decrease in sales • 25%
No noticeable change • 25%
Increase in sales • 25%
