Image Source: Hg-marigny Via Wikimedia Commons
January 16, 2020
An initial rush to plant caused a boom in the Tennessee hemp industry, but because so many growers joined in, businesses and local farmers are now seeing demand for that product shrinking.
Hemp processor and retailer Bluhen Botanicals announced Wednesday it will be facing layoffs and cutbacks due to challenges across the industry. It opened a store in downtown Knoxville last year.
Owners blame a massive over-production of hemp and lack of guidance from the FDA, which is creating uncertainty about the legality of CBD in consumer products.
