The wealthy weed stock / dispensary people wanted it as much as anything else. Note many of the senators voting against the amendment to fix it, were pro-marijuana senators from legal weed states.
Hemp was a way for mom and pops to get in the game because the regulatory overhead was much lower. They were small private operators that could enter with low start-up costs, in a free-market like environment.
No one could have seriously thought it was going to last. The likes of Philip Morris type enterprises who pay a gazillion dollars for state dispensary licensing, state chain of custody, zoning, permits, state testing, etc are not going to just let some guy in his basement start shipping out THCa hemp with nothing more than a couple hundred dollars in capital and a Square terminal, no they're going to call on their contacts to ban it.
History shows us time and time again the state will destroy the free market and create regulations that don't actually help people but rather ensure the barriers are such that their wealthy friends will capture almost all the profits.
Hemp was a way for mom and pops to get in the game because the regulatory overhead was much lower. They were small private operators that could enter with low start-up costs, in a free-market like environment.
No one could have seriously thought it was going to last. The likes of Philip Morris type enterprises who pay a gazillion dollars for state dispensary licensing, state chain of custody, zoning, permits, state testing, etc are not going to just let some guy in his basement start shipping out THCa hemp with nothing more than a couple hundred dollars in capital and a Square terminal, no they're going to call on their contacts to ban it.
History shows us time and time again the state will destroy the free market and create regulations that don't actually help people but rather ensure the barriers are such that their wealthy friends will capture almost all the profits.