AI Metaverse Holdings Corp (SGDH)

[$PennyMover]

MITCH SAYS THE VOTE ON HIS HEMP LEGALIZATION BILL IN THE SENATE WILL HAPPEN IN MAY:


U.S. Senate Majority Leader Mitch McConnell (R-KY) is moving to include the language of his new hemp legalization bill into broader legislation that is expected to advance in Congress next month.

"As the majority leader, I'm in charge of what we schedule, and we're going to be scheduling the Farm Bill very soon after it comes out of the Agriculture Committee, and I expect that to happen in May," he said in the new interview.

The bill that McConnell already introduced would remove restrictions on banking access, water rights and other roadblocks that hemp farmers and processors currently face. The U.S. Department of Agriculture would receive oversight plans from states, and then state departments of agriculture would regulate local production. The bill would also make USDA research funding available to farmers, and hemp plants would be eligible for crop insurance.

Earlier this month, McConnell used procedural moves to fast-track the hemp legislation to the Senate floor, circumventing the committee process. But he has not scheduled it for a vote.

Now, in the new interview, he made it clear that the plan is to attach the cannabis reform language to the larger agriculture legislation.

McConnell already successfully inserted more limited hemp language to the last version of the Farm Bill, enacted in 2014, which shields state industrial hemp research programs from federal interference but does not entirely legalize the crop in the way the new bill would.

Mitch steps up Hemp legalizaion push with legislative move