Here is your Forbes Daily Briefing for Sunday, October 13th.

Today on Forbes, Why the Government is Waging War Against Hemp,

Marijuana's Legal Cousin.

In the early morning hours of late September, marijuana's legal cousin.

In the early morning hours of late September, some 30 Drug Enforcement Administration agents

in tactical gear with high-powered rifles drawn

rated a warehouse near Raleigh, North Carolina.

The officers seized intoxicating hemp-derived THC vapes and joints, along with cash, computers,

and cars. The agents who are armed with a federal search warrant,

froze the company's $1.5 million bank account,

and seized half a million dollars worth of product. Jay, the founder of the Wake County-based hemp product manufacturer and distributor,

says, quote,

they came in full force.

Jay did not want us to use his full name due to fear of legal repercussions.

J has not been arrested nor charged with a crime.

J's company, which he founded in 2019, generates about $60 million in annual revenue by selling

hemp-derived products with enough Delta 9 tetrahydra-canabinol, or THC, the main psychoactive compound in cannabis, to get people stoned.

But he says his products are federally legal under the 2018 Farm Bill, which allows the

production of hemp and all its derivatives, so long as it contains

0.3% of THC or less.

Jay says his products are within the legal limit.

He says, quote, I feel like we are currently at war with law

...