Speaking of states. Industrial hemp cultivation is allowed,

New Post Public Reply Private Reply Replies (0) Message Board
bellsandwhistles joeyO #22226
Speaking of states. Industrial hemp cultivation is allowed, pursuant to the provisos in the farm bill passed by the House, in these states: Colorado, Oregon, California, Kentucky, Vermont, Montana, West Virginia, North Dakota and Maine. Next up is the Senate, where the bill also has bi-partisan suppport, and is expected to pass,

"(The bill) would allow colleges, universities and state agriculture agencies to grow (in the aforementioned nine states) and do research on the crop without being penalized by the federal government."

WASHINGTON — Farm legislation breezing through Congress could make northern Colorado the nation's leader in the cultivation, study and use of industrial hemp.

The farm bill provision authored by Rep. Jared Polis, D-Colo., and Reps. Thomas Massie, R-Ky., and Earl Blumenauer, D-Ore., would allow colleges, universities and state agriculture agencies to grow and do research on the crop without being penalized by the federal government.

The provision applies only to states where industrial hemp is legal, Polis said Wednesday after the House approved the five-year, $500 billion farm bill by a vote of 251-166.

Industrial hemp cultivation is legal in Colorado, Oregon, California, Kentucky, Vermont, Montana, West Virginia, North Dakota and Maine, according to the National Conference of State Legislatures.

The plant is used to make rope, soaps, clothes, auto parts and numerous other products that are common throughout the U.S. But the hemp in them comes from Canada, Turkey or some other country

Growing or using it is illegal under federal law. The farm bill provision wouldn't overturn that prohibition, but would block federal authorities from cracking down on hemp farmers, researchers and higher-education institutions in areas where the crop is legal, Polis said.

Colorado State University has expressed interest in hemp research, and the farm bill would allow officials to look for grants, recruit faculty and set up labs without fear of losing federal funding, Polis said.

"We're hoping northern Colorado could become a real center for information and technology related to domestic industrial hemp production," he said. "There's going to be rapid progress ... over the next decade and we hope that a lot of that can occur at CSU."

University officials didn't immediately comment when reached Wednesday.

However, the state's public university system has expressed concern about losing federal funding if an institution works on hemp even though that's legal in Colorado.

In a letter to Polis last May, Dorothy Horrell, who chairs the Colorado State University System Board of Governors, wrote: "If and when federal laws change to eliminate hemp as a controlled substance, then our institutions will determine whether research relating to this plant aligns with their research goals."

Federal law treats industrial hemp and marijuana as dangerous drugs. Though the industrial variety looks like its marijuana-yielding cousin, supporters note that it has just a trace of tetrahydrocannabinol, or THC, the narcotic in pot.

The farm bill provision specifies that the hemp whose cultivation would be allowed can't have more than 0.3 percent of THC. State officials would be required to regulate hemp farmers.

Polis wants northern Colorado to become a major supplier and CSU to lead the way in finding new uses for the plant, which has a long history in the USA. Founding Fathers George Washington and Thomas Jefferson cultivated it and hemp was used to make early American flags, he said.

Though the farm bill includes his hemp language, Polis voted against the legislation citing a host of other problems, including an $8.6 billion cut in the food stamp program.

Industrial hemp has support in the Senate as well. Oregon Democrats Ron Wyden and Jeff Merkley and Kentucky Republicans Rand Paul and Mitch McConnell — the Senate minority leader — introduced legislation last year that would allow hemp cultivation and use where it's legal.

The farm bill is expected to pass the Senate in the next few days, and President Obama is expected to sign it into law

SK3 Group Inc. (SKTO) Stock Research Links

SKTO Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Top 5 Most Recently Viewed Articles

Bumble Inc. Investigated for Possible Investor Securities Fraud

Updated Category News Views 55

Investigation into Bumble Inc. Raises Concerns Pomerantz LLP is currently investigating potential claims on behalf of Bumble Inc. (NASDAQ: BMBL) investors. The focus of this inquiry is to determine whether Bumble and its executives may have engaged in fraudulent activities or questionable business practices that could negatively impact investors. Details of the...

Continue Reading
Strive Asset Management Secures Major Investment for Bitcoin Growth

Updated Category News Views 162

Strive Asset Management's New Investment Strategy In a groundbreaking development, Strive Asset Management has entered into a significant partnership with Asset Entities, resulting in a $750 million private investment aimed at driving their Bitcoin accumulation efforts. This investment marks a pivotal moment for Strive, solidifying its position as a major player in the...

Continue Reading
Domino's Pizza Earnings: What to Expect Before the Reveal

Updated Category News Views 148

Anticipated Earnings Report for Domino's Pizza Domino's Pizza (NYSE: DPZ) is set to unveil its quarterly earnings soon, and investors are gearing up for the insights this report may bring. As anticipation builds, it's crucial to understand the factors that may influence market reactions following the announcement. Analyst Expectations on Performance Analysts have...

Continue Reading
Exploring the Impressive Growth of Cummins Stock Over Time

Updated Category News Views 192

Cummins Stock Performance Analysis Cummins (NYSE: CMI) has demonstrated impressive performance in the stock market over the past five years, outperforming the overall market by an annualized rate of 2.31%. This outperformance culminated in an average annual return of 15.08%. As it stands, Cummins enjoys a robust market capitalization of approximately $64.27 billion,...

Continue Reading
Zhao Dong Represents China in UNGC Efforts for Sustainable Development

Updated Category News Views 159

Zhao Dong Represents China at UNGC Board Meeting In a recent board meeting of the United Nations Global Compact (UNGC), Zhao Dong, who serves as the Chairman and Secretary of the Party Committee of Xiamen Airlines, represented China as the sole Chinese board member. This important event centered around various initiatives designed to promote global collaboration....

Continue Reading