High THC cannabis I agree should have regulation due to side effect including memory loss and:
One of the worst side effects of THC is anxiety and paranoia. Though small amounts of THC are likely to only induce mild paranoia or social anxiety, edibles and large doses can cause exaggerated side effects (just ask the guy who ate an edible and called 911 because he thought he was dying). THC is known to relieve anxiety in smaller doses and increase it in larger; this is due to its biphasic effects, meaning it can have two opposite effects in high doses. Furthermore, some people are genetically predisposed to experience anxiety with cannabis as a result of brain chemistry. End quote from: https://www.leafly.com/
Hemp is a different story altogether. Imo
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