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The ban will likely devastate the hemp market and Cronos's business prospects. Similar situations have caused severe declines in stock value across related sectors in the past.
What happened, with direct paths to the underlying reporting
Congress bans most hemp-derived products, affecting the $28 billion market. New THC limits threaten 95% of hemp product sales and 300,000 jobs. Cronos Group CEO warns of significant business pressures and contract cancellations. Demand for hemp-derived products remains strong, potentially fueling black-market growth. Industry calls for federal oversight instead of prohibition to ensure safety.
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