InvestorsHub Logo
Post# of 47358
Next 10
Followers 2067
Posts 226544
Boards Moderated 39
Alias Born 06/14/2010

Re: None

Wednesday, 03/04/2015 9:36:07 AM

Wednesday, March 04, 2015 9:36:07 AM

Post# of 47358

$DSCR: More States Moving to Legalize Industrial Hemp Farming

Elizabeth Nolan Brown|Apr. 29, 2014 4:10 pm


Though you can purchase hemp foods and products in America, growing hemp—the non-psychoactive cousin of marijuana—has been illegal here for decades. But as part of this year's farm bill, Congress approved the growing of hemp by universities and state agriculture departments, for research purposes, in states that permit it.

It's a small step, but it's something. Since the new farm bill's passage, states where hemp farming was totally prohibited have been moving quickly to loosen their rules.

Overall, 25 states have considered industrial hemp legislation in 2014, according to Vote Hemp. Thirteen states—California, Colorado, Hawaii, Indiana, Kentucky, Maine, Montana, Nebraska, North Dakota, Oregon, Utah, Vermont and West Virginia—now allow industrial hemp farming for research and/or commercial purposes.

Hawaii passed a bill this week authorizing the University of Hawaii to grow and research hemp. New York is currently considering a bill to allow universities to grow hemp for research purposes, and similar bills have been under consideration recently in Illinois, Maryland, Michigan, Minnesota, South Carolina, and Washington.

Other states have legalized growing hemp for commercial as well as research purposes (though this puts them in conflict with federal laws). In March, Indiana passed a bill allowing farmers to grow hemp for research or commercial uses. Tennessee's legislature passed a similar bill in April, which is waiting on approval from Gov. Bill Haslam. A South Carolina version passed the Senate and is awaiting further action in the House.

http://reason.com/blog/2014/04/29/industrial-hemp-legalization-in-states



- Go DSCR

==================

$DSCR: Hemp Farming in Colorado

http://www.growhempcolorado.com/


- Go DSCR

=============

$DSCR: "Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.
1/8/2015--Introduced.
Industrial Hemp Farming Act of 2015
Amends the Controlled Substances Act to exclude industrial hemp from the definition of "marihuana." Defines "industrial hemp" to mean the plant Cannabis sativa L. and any part of such plant, whether growing or not, with a delta-nine tetrahydrocannabinol concentration of not more than 0.3 percent on a dry weight basis.
Deems Cannabis sativa L. to meet that concentration limit if a person grows or processes it for purposes of making industrial hemp in accordance with state law, unless the Attorney General determines that the state law is not reasonably calculated to comply with such definition."

https://www.govtrack.us/congress/bills/114/s134/summary



- Go DSCR


Disclaimer: Alcohol is for those who could afford to lose some valuable brain cells.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.