With a stroke of President Trump’s pen on December 20, 2018, the Agricultural Improvement Act (“2018 Farm Bill”) became law in the United States, clarifying and affirming the lawfulness of hemp and permanently precluding hemp from treatment as a controlled substance. The USDA still has a long way to go toward finalizing the regulations that will implement the 2018 Farm Bill, and there are still many areas of uncertainty, but one thing is all but certain: the industry will continue to grow, consolidate, and move further into the mainstream.

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