There are three weeks before the current farm bill is due to expire on September 30, and while negotiations for the Farm Bill 2018 continue in fine-tuning the new 1,000-plus-page legislative piece, the prognosis is positive for the industrial hemp industry. The timeliness of its passage, however, is another matter.
“It certainly seems that the existing political headwinds are most concerned with immigration and welfare reform (food stamps, etc.),” explained Garrett Graf of Denver-based Hoban Law Group, “and so certainly those are important issues, and it seems that hemp is off to the side and out of focus from being held up as Congress figures out the other important issues. I suspect that it may happen before midterms, but we are confident about the hemp provisions. Our understanding and optimism are that the Senate provisions will remain intact. We are not hearing any suggestions to the contrary.”