December 20, 2018: The 45th President of USA has signed the 807-page Farm Bill of 2018.
So what does the Farm Bill of 2018 do for the Hemp industry? Here are some quick points brought to you by U.S. Hemp Roundtable General Counsel Jonathan Miller:
- Hemp is now permanently removed from the Controlled Substances Act (CSA)
- The DEA no longer has any possible claim to interfere with the interstate commerce of hemp products
- Section 297A (p. 429) Defines hemp as all parts of the plant less than 0.3% THC, including “derivatives,” “extracts” and “cannabinoids” and permits hemp production in all states and territories
- Section 12619 (p. 540): Hemp is removed from the definition of “marihuana,” and THC found in hemp is excluded from the definition of a controlled substance.
See full article here.