Does this congressional ban on hemp-derived THC products affect state-level marijuana legalization

Apparently the bill that the POTUS signed, following the shutdown, bans hemp-derived THC products. Except I already thought that was the case, considering THC’s status as a Schedule 1 controlled substance. Regardless, it seems that on just about every street corner, to hear some Republicans tell it, are THC products being sold at the convenience store or whatever, even in states that haven’t legalized the Devil’s Lettuce.

I’m not sure what, if any, affect this will have on the quasi-legal marijuana industry at the state level. Yes, THC remains illegal as a matter of federal law, but the feds have been looking the other way at legal state markets since an Obama-administration memo, one that the Biden and Trump administrations have appeared to continue to follow.

So does this law effectively end the state-level legal pot trade?

My understanding is that the law proposes to reclassify the products sold as THC-A as illegal and it would not impact state regulated cannabis sales.
In very simple terms, THC-A is sold nationwide with limited restrictions and is legal due to a loophole in a 2018 farm bill.
THC-A is virtually indistinguishable from regular TCH in terms of potency.

I live outside a small to medium town of 10k people in Oregon. There are eight pot dispenseries in town. Eight.

Hmmm. When Missouri first legalized the Sticky Icky, the plan was to allow one dispensary per State Police district. I’m pretty sure that that’s gone by the wayside now, as Rolla (population: 20,000 ish) has at least two. I don’t think the State Police district map cuts Rolla in half, but I could be wrong. Joplin (population: 50,000 ish) has at least three. Not saying how I know.