The Hemp Industry Didn’t Get Killed By Regulators, It Killed Itself (Op-Ed)

Key Takeaway

This article, an op-ed by Max Jackson of Cannabis Wise Guys, argues that the hemp industry's current struggles are self-inflicted rather than due to external regulatory pressures. The author contends that the industry's internal actions have negatively impacted the broader, legitimate full-spectrum wellness market. This perspective is crucial for understanding the evolving landscape of cannabis and hemp businesses, as it highlights internal factors contributing to market instability. The piece suggests that the industry's own missteps are responsible for its decline, affecting all operators within the hemp and full-spectrum product space. For cannabis businesses, this implies a need for greater internal accountability and strategic planning to avoid similar pitfalls and ensure sustainable growth amidst regulatory changes, such as Missouri's recent Senate bill.