The Farm Bill was Signed by trump

Trump Signed the Farm Bill

The gigantic piece of legislation, known colloquially as the “Farm Bill,” is the principal agriculture and food policy tool of the federal government. The Farm Bill deals with trade, rural development, farm subsidies, conservation, research, food and nutrition programs and more. This season, the Farm Bill’s major changes deal with the federal food aid program SNAP, forestry and conservation, crop insurance and measures aimed to help farmers damaging from Trump’s trade war with China.

But this year’s Farm Bill also includes far-reaching provisions which raise the ban on hemp, authorize hemp production and study and amend the Controlled Substances Act. Congress voted to send the invoice to Trump’s workplace on December 12. And during a Dec. 20 press conference that started with Trump thanking lawmakers before launching into a 15-minute racist diatribe about the boundary, the President signed H.R. 2 into law.

Trump Signs the Farm Bill of 2018, Legalizing Hemp and All Hemp Derivatives

For the U.S. hemp industry, the passage of this 2018 Farm Bill into law is a watershed moment. That’s because 2014’s Farm Bill included provisions allowing states to investigate hemp and set up farming applications without requiring federal approval. Nowadays, most U.S. states have such programs.

But the 2018 Farm Bill goes further, making modifications to federal law and, for the first time since 1970, amending the Controlled Substances Act. The complete text of H.R. 2 spells out the specifics of the federal policy changes impacting industrial and industrial hemp. Here’s a breakdown.

The Agricultural Improvement Act of 2018

  • Authorizes hemp as a supplemental and alternative crop, which gives farmers access to subsidies and crop insurance for hemp.
  • Enables federal agencies such as the FDA to assess the economic viability of hemp production and purchase.
  • Authorizes federal research into hemp cultivation and production.
  • Permits the interstate commerce of hemp, which also means hemp CBD consumers are now able to travel freely with their products
  • amends the Controlled Substances Act to exempt hemp from the list of Schedule I drugs.

2018 Farm Bill Signing Paves Way for Hemp CBD Industry

The 2018 Farm Bill’s amending of the CSA represents a major change to federal drug policy. The bill not only exempts hemp, but all of its components and derivatives. That includes seeds, extracts, acids, salts isomers and of course, cannabinoids. As long as no component of hemp contains more than 0.3 percent THC, the CSA’s prohibition on cannabis doesn’t apply.

Federal approval not just of industrial hemp but of its many products, such as hemp-derived cannabidiol (CBD) stands to catalyze the surging CBD market. State-legal apps have long-authorized the sale of hemp products. But hazy federal guidelines led law enforcement agencies in many states to pursue actions against CBD retailers and customers. Now that Trump has signed the Farm Bill, customers and retailers should no longer need to fear the prospect of enforcement actions for possession hemp CBD products.

Furthermore, the introduction of new avenues of research should lead to federally regulated hemp products. These days, the hemp-derived CBD market is largely unregulated, leading to inconsistencies in product quality across the market. But CBD isn’t the only valuable cannabinoid hemp plants produce. Hemp plants also produce CBDV, CBN, CBG and other rare cannabinoids with immense therapeutic potential.

Released at Thu, 20 Dec 2018 21:44:08 +0000

Posted in: News

Comments are closed.