What actually happened is that a group of squishy Democrats and Angus King didn't actually want the filibuster nuked so when they realized Republicans weren't going to extend the ACA subsidies they called the whole thing off without even reading the bill they were going to pass.
The hemp ban isn't even the shadiest part, the self-dealing of allowing certain Senators who were connected to a putsch to loot the treasury is even more egregious.