Tuesday, December 11, 2018 3:10:04 PM
https://hempsupporter.com/the-2018-farm-bill-now-fully-explained/
Below are some extracts from the 2-page summary by Jonathan Miller.
WHAT DOES THE FARM BILL DO?
ANALYSIS BY U.S. HEMP ROUNDTABLE GENERAL COUNSEL JONATHAN MILLER
• The era of hemp prohibition is over. Hemp is now permanently removed from the Controlled Substances Act (CSA). It is forever deemed an agricultural commodity, no longer mistaken as a controlled substance, like marijuana.
• By redefining hemp to include its “extracts, cannabinoids and derivatives,” Congress explicitly has removed popular hemp products -- such as hemp-derived cannabidiol (CBD) -- from the purview of the CSA. Accordingly, the Drug Enforcement Administration no longer has any possible claim to interfere with the interstate commerce of hemp products. This should give comfort to federally regulated institutions -- banks, merchant services, credit card companies, e-commerce sites and advertising platforms -- to conduct commerce with the hemp and hemp product industry.
• Hemp farmers now may finally access needed crop insurance and can fully participate in USDA programs for certification and competitive grants.
Link to full document here:
https://hempsupporter.com/wp-content/uploads/2018/12/What-Does-the-Farm-Bill-Do.pdf
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