26 March 2019 | Online since 2003

FarmingUK Logo
9 December 2018 | USA

Hemp legalisation included in farm bill could 'open floodgates' on nascent industry

The final 2018 Farm Bill is expected to be voted on as early as next week. The bill would legalize hemp cultivation and could be a catalyst for explosive growth in a nascent industry that some forecast could top $20 billion by 2022.
The long-awaited bill would remove industrial hemp from the federal government's list of controlled substances, making it a lawful agricultural commodity. The hemp legislation introduced by Senate Majority Leader Mitch McConnell, R-Ky., earlier this year also allows states to become the primary regulators of hemp cultivation, enables researchers to apply for federal grants and makes the crop eligible for crop insurance.

Full Story: CNBC
World News