SLEEKSCAPE'S 2022 CANNABIS & MARIJUANA MANIA GRAND SALAMI -- PART II

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2020 Hemp Hindsight — Miller is bullish about 2021


Here are the key excerpts:

2021: Support for Federal Regulatory Certainty Looms on the Horizon

HR 8179, federal legislation which would clear a legal and regulatory pathway for the sale of CBD as a dietary supplement, boasts the consensus support of the hemp and dietary supplement industries, and a bipartisan roster of 30 congressional co-sponsors. Movement on the bill is expected in early 2021, as well as a potential bill in the Senate that also provides a pathway for CBD as a food and beverage additive. Passage would result in an explosion in retail opportunity, commodity price stabilization, and, importantly, regulatory safeguards for consumers looking for products that they can trust.


2021: States Poised for Major Action on Hemp

With New York recently issuing some of the nation’s most progressive hemp extract regulations, signs point to other states following the national pattern of states providing explicit protection for the sale of hemp products. California’s General Assembly is expected to take back up its bi-partisan effort that almost crossed the finish line in September, while Kentucky’s new rules – drafted in response to reports of enforcement actions taken against CBD-selling restaurants – will go into effect.


2021: The Biden USDA Offers True Promise

With helpful and responsive career USDA officials remaining in their jobs, the incoming Biden/Harris Administration poses additional opportunity for the hemp industry. Transition officials have been meeting with U.S. Hemp Roundtable leaders and have indicated their strong support for hemp farmers and businesses. Meanwhile, Congress is signaling to the new Biden team that USDA should revamp its Interim Final Rule by extending the ability for states to use their authority to operate under the more flexible 2014 Farm Bill requirements, and by passing report language which urges the agency to ensure that a Final Rule is much more farmer-friendly.


Full article here:

https://hempsupporter.com/news/2020-hemp-hindsight


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