This deep-dive podcast discusses the immediate and long-term implications of a federal spending bill signed by President Donald Trump in November 2025, which included provisions effectively banning most intoxicating hemp-derived cannabinoid products by closing a perceived loophole in the 2018 Farm Bill. This legislation, which also ended a government shutdown, faced significant opposition from certain Republicans, particularly those representing hemp-producing states like Kentucky, who argued it would devastate their agricultural industry. Industry stakeholders offer mixed reactions, with some groups applauding the closure of the unregulated market for intoxicating products to ensure consumer safety, while others warn of the negative economic impacts and argue that regulation, not prohibition, is the appropriate path forward. Ultimately, the industry now has a one-year grace period before the ban takes full effect, providing a window for advocates to push Congress for regulatory alternatives.