The Farm Bill Now Focused on

New Post Public Reply Private Reply Replies (0) Message Board

Jun 27, 2018 at 6:34 AM 456

The Farm Bill Now Focused on Hemp

By Paul Ebeling on June 26, 2018No Comment
The Farm Bill Now Focused on Hemp
AddThis Sharing Buttons
Share to FacebookShare to TwitterShare to PrintShare to FlipboardShare to More16

The Farm Bill Now Focused on Hemp

US Hemp producers and several advocacy groups have agreed that legislation offered by Senate Majority Senator Mitch McConnell, (R-KY), could have a dramatic impact on the US Hemp industry.

Hemp, predominantly used a fiber, is part of the cannabis family like marijuana.

However, Hemp contains much lower levels of the psychoactive chemical, tetrahydrocannabinol (THC) and higher levels of the non-psychoactive chemical, cannabinol (CBD).

According to a report by Hemp Industry Daily, most states limit THC content of hemp to 0.3%.

Until Y 2014, on a federal level, growing hemp was illegal due to its placement in the Controlled Substances Act in 1970.

The 2014 Farm Bill permitted states to grow Hemp through pilot programs by their individual Departments of Agriculture or higher education institutions.
Senator McConnell’s Hemp Farming Act of 2018, introduced this Spring, would clearly expand the rights and resources of Hemp farmers.

The act permits Congress to remove industrial Hemp from the Controlled Substances list. It will also create a general set of guidelines with which the states will submit their programs for approval to the US Department of Agriculture (USDA).

Under Senator McConnell’s measure, Hemp will become a commodity crop, but will still be controlled and monitored by each state’s Department of Agriculture.

Senator McConnell said at a Senate Agriculture Committee hearing that one of the primary ways the bill will benefit the industry is by empowering states “to be the primary regulators of Hemp, if they can develop a proper, robust plan”

He also stated that allowances would be made for farmers to compete for USDA federal grants to conduct Hemp research.

Producers and advocacy organizations in the industry hope that, with the 2014 Farm Bill, this legislation will rectify some issues that have caused controversy for many years.

In the past, the Drug Enforcement Administration (DEA) and states have clashed over the Controlled Substances Act and what it means to Hemp. Since Hemp is a controlled substance, the DEA can enforce jurisdiction over it.

Their interpretation of the law has varied from state to state.

The DEA does not allow legal Hemp states to exchange seeds, and it only allows them to acquire seeds from international sources through an accompanying import license, supplied by the DEA.

In Pennsylvania, Governor Tom Wolf approved a hemp pilot program in Y 2016. Since then, individuals such as Erica McBride, a Pennsylvania resident and executive director for the National Hemp Association, have seen the problems of the federal legislation 1st hand.

“In the last 2 years, getting our seeds was challenging because we had to get them from international sources and not from other states,”Ms. McBride told reporters.

Along clashes between the DEA and states, the present federal guidelines have allowed other controversies to flourish.

Ms. McBride noted that “while the 2014 Farm Bill did allow for marketing research, which by definition necessitates the selling of some product, it did not really allow full commercial activity,”

Since federal law still classifies Hemp as a controlled substance, and the 2014 Farm Bill only allowed pilot programs, Ms. McBride noted that banking and credit card processing was a problem for businesses.

Note: As a controlled substance, hemp is seen on the same threat level as heroin by the federal government. This means banks, which are regulated by the government, will most likely not allow hemp farmers to use their services.

Crop insurance also was not available to Hemp farmers previously but Senator McConnell has stated it will be based on the new legislation.

Ms. McBride and others believe these issues, as well as a lack of certainty in market prices, has led farmers to be unsure about investing in Hemp. But Senator McConnell’s legislation may change this, and the overall Hemp industry too.

Stay tuned…

bank, bill, CBD, controlled, DEA, farm, farmers, government, hemp, industry, legislation, producers, seeds, substance, THC

The Farm Bill Now Focused on Hemp added by Paul Ebeling on June 26, 2018

Rocky Mountain High Brands, Inc. (RMHB) Stock Research Links

RMHB Board Company Profile Buy Rating Time & Sales News Filings Financials

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Hot Property Alert: Prime Storage Facility Sale in Texas

Investment Gold in Abilene's Storage Sector Diving headfirst into the world of bricks and mortar, the opportunity brewing over in Abilene, Texas, packs a potent punch for anyone keen on beefing up their real estate portfolio with a top-notch asset. We're talking about Spare Feet Self Storage, a slick, Class A self-storage facility, serving the cream of the crop in a...

Christmas Injury Lawyers Unveils SC Knowledge Center

In the world of legal labyrinths, sometimes you just need a guiding light, especially following a car accident. That's where the freshly launched South Carolina Car Accident Law Knowledge Center steps in. It’s no magic wand, but Christmas Injury Lawyers are certainly trying to cut the chaos. This online hub covers more ground than a small library, boasting 40 guides...

Palm Beach Royals Boost Pickleball's Popularity Surge

A New Era for Pickleball in Palm Beach It might be time to re-evaluate pickleball if you weren't paying attention before. The Palm Beach Royals have wrapped up their first Major League Pickleball season with a bang, marking a pivotal year for the sport. This underdog tale of graft and grit is carving out a new chapter in the world of sport. Record-Breaking Season for MLP...

#L.A. Rising Podcast: From Fires to International Fame

From Ashes to Airwaves Gritty stories of survival often cut deeper than any wonky industry analysis or corporate earnings report. When you've been through the wringer and come out the other side, that experience sticks with you—and for Kim S. Marshall, it ignited something personal yet universal with the #L.A. Rising podcast. Emerging from the 2025 L.A. fires, this...

Aging at Home: The Real Costs and Obstacles Ahead

Facing the Realities of Aging In Place Alright, let's talk straight. Everyone dreams of staying home in their twilight years, kicking back in their favorite chair with family nearby. But the harsh truth? That comfort comes with a price tag. According to Northwestern Mutual's 2026 Planning & Progress Study, up to 83% of Boomers+ and most other generations fancy the idea of...

Dan Brown Joins Guidewire: Big Moves in P&C Software

Turning the Insurance World on Its Head Just when you think the enterprise software scene is getting predictable, along comes a bit of news to shake things up. Guidewire, a name known in the P&C insurance software world, has roped in a veteran—Dan Brown—who's got more than a quarter-century under his belt shaping product strategies. It’s not just another suit...

Metropolitan Dermatology's Strategic Expansion into Barnegat

Diving into Barnegat's Dermatology Landscape Metropolitan Dermatology has taken a strategic step by opening a new location right in the heart of Barnegat, New Jersey. Talk about a win-win for the folks in Ocean County. This isn't just another clinic opening up shop; it's about bringing comprehensive medical and surgical dermatologic care straight to the people who need...

Event Industry Power 50 Voting Surge Ahead of Close

An Unexpected Wave of Enthusiasm in Event Industry The Event Industry Power 50 is getting some serious action this year. Over 3,500 votes have already rolled in, smashing last year's numbers with days still left on the clock. It seems like folks can't wait to see their favorite event powerhouses crowned at this year's gala, which kicks off October 27 in New York City....

Indiana American Water's PFAS Credits Total $25.5M

Indiana American Water Dishes Out Big Buck Refunds Swing by Indiana American Water's latest move, and what do you see? A whopping $25.5 million in PFAS settlement credits being doled out to customers. That's right, this ain't your everyday water utility story—there's real money on the line here. Over four rounds of bill credits since November 2025, customers have seen...

China Automotive Systems Hits Milestone with ASPICE 4.0 CL2

An Automotive Feat in R&D Now here's a story that should make waves across the automotive sector. China Automotive Systems, Inc. (NASDAQ: CAAS), a titan of power steering development in China, has nailed it by meeting the ASPICE 4.0 Capability Level 2. That's a big one, folks. Verified by a partnership between a European automaker and UL, this achievement is no fluke....