Sunmed | Your CBD Store owners in South Carolina are calling on legislators to reject H.3429, which proposes a ban on consumable hemp products.
According to industry estimates, the proposed ban could lead to the closure of approximately 1,800 businesses and the loss of around 3,500 jobs.
Critics say that in addition to the devastating job losses, the economic fallout from the bill could result in an estimated $1.5 billion in hemp-related in state and local tax revenue loss.
They say the figure doesn’t even account for the broader ripple effects on local cities, counties, and communities that benefit from the presence of hemp businesses.
The critics say the impacts range from reduced local tax revenues to diminished support for local services that rely on business sustainability, all while denying consumers access to products they have come to rely on for wellness and therapeutic purposes.
They add that by denying consumers access to safe, tested consumable hemp products, legislators risk harming those who rely on them for everyday wellness needs.
Sunmed | Your CBD Store owners urge South Carolina legislators to consider the significant negative consequences of H.3429 and to support reasonable regulatory frameworks that prioritize consumer safety while preserving access to necessary products.
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