2018 Farm Bill: Opportunities in Hemp – By Cannabis Business Time

“Industrial hemp and its derived products now are legal on a federal level, and states will develop new regulatory plans. After a lengthy process through Congress, the President signed into law The Agriculture Improvement Act of 2018 (the 2018 Farm Bill) on Dec. 20, 2018.”

“The 2018 Farm Bill abolishes this inconsistent treatment by removing industrial hemp from the definition of ‘marihuana’ in the CSA. In addition, THC contained in industrial hemp will be removed from the purview of the CSA, making clear that industrial hemp plants can be grown domestically as well as imported. This amendment to the CSA decriminalizes the production and use of hemp and its derived products that match the definition of industrial hemp, such as seed oil, CBD oil, fibers and paper.”