Progress Report: 2018 Farm Bill
With the recent passage of the Agriculture Improvement Act of 2018 — the 2018 Farm Bill — these are exciting times for many in the cannabis industry.
The 2018 Farm Bill is big news because this legislation was the product of concerted bipartisan effort in the nation’s capital, recognizing and restoring hemp’s deserved status in America. It has added to the wave of momentum being felt within the industry around hemp.
The practical impact of this law is its clarification and affirmation that raw hemp – as well as cannabinoids, extracts and derivatives therefrom – is to be treated as an agricultural commodity, not a drug.
Read the full article at cannabislaw.report.