Tennessee THCA Ban Is Followed by Sharp Hemp Tax Shortfall

Tennessee collected about $425,000 in July hemp taxes against a $9.4 million projection after its smokable hemp and THCA restrictions took effect, a one-month result that would imply at least a $110 million annual shortfall if sustained. Oklahoma hemp operators and policymakers should treat the early figures as a warning that abrupt product bans can rapidly strand demand, inventory and expected public revenue.