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In a speech on the Senate floor on December 12, Mitch McConnell (R-KY) celebrated the passage of the 2018 Farm Bill with provisions for legalizing industrial hemp in the United States – a historic move and a watershed moment for the emerging hemp industry.
“What exactly does this legislation do?” asked McConnell. “The Farm Bill we passed yesterday both legalizes hemp as an agricultural commodity and removes it from the controlled substances list. It gives states the opportunity to be the primary overseers of hemp production. It also allows hemp researchers to apply for competitive federal grants from the U.S. Department of Agriculture, and made hemp eligible for federal crop insurance. Together these features will encourage new opportunities for struggling farmers and their families, new products for use in construction, health care, and manufacturing, and new jobs in a broad range of fields,” said.
NBC Nightly News Covers CBD Health Craze
by NBC Nightly News
Cannabis Sector Stocks Lower on News of Hemp Legalization
by Ciara Linnane via MarketWatch
Pueblo, CO, Seeks to Be Leader in Indutrial Hemp Production
by Dennis Darrow via Pueblo Chieftain
Barrons: CBD Will See Boost with Passage of New Farm Bill
by Bill Alpert, via Barron’s
Join us for a short 422 podcast featuring author and hemp expert Doug Fine on opportunities in Hawaii’s emerging hemp industry.