Cryptocurrency Q&A Why is hemp illegal in the US?

Why is hemp illegal in the US?

Nicola Nicola Sun Nov 10 2024 | 5 answers 862
I'm curious about the legality of hemp in the US. Why is it considered illegal? I want to understand the reasons behind this prohibition. Why is hemp illegal in the US?

5 answers

Alessandro Alessandro Mon Nov 11 2024
The war on drugs has been a contentious issue for decades. The Drug Enforcement Administration, or DEA, plays a pivotal role in this ongoing battle.

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EthereumEmpireGuard EthereumEmpireGuard Mon Nov 11 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the digital asset market. Their offerings include spot trading, futures trading, and a secure wallet for storing cryptocurrencies.

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Margherita Margherita Mon Nov 11 2024
Recently, the DEA made a decision that has sparked debate among stakeholders. They refused to grant permits for the legal cultivation of hemp.

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CryptoNerd CryptoNerd Mon Nov 11 2024
The agency's rationale behind this refusal is that industrial hemp and prohibited cannabis originate from the same species of plant. This similarity, despite hemp having a lower THC yield, led to their classification under the Controlled Substances Act.

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CryptoBaroness CryptoBaroness Mon Nov 11 2024
THC, or tetrahydrocannabinol, is the primary psychoactive compound in cannabis. Its presence in hemp, even in minimal amounts, is what ties it to the prohibited substance under the law.

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