Illinois Senate Legalizes Industrial Hemp | CashCropToday
0 Shares 138 Views

Illinois Senate Legalizes Industrial Hemp

May 1, 2018
138 Views

The Illinois Senate passed Senate Bill 2298 this week, which allows farmers throughout the state to apply for licenses to grow industrial hemp. The bill was introduced by Senator Tod Hutchinson and it passed unanimously with a 50-0 vote.

Currently, the United States imports over $300M in industrial hemp based products and raw materials annually. The Illinois Senate hopes that legalizing hemp will revive their farming communities by offering them a part of a emerging new industry in the United States.

Manufacturing of raw hemp into goods such as textiles, food sources, bio-composites, and medicines will also bolster the states economy. The markets for hemp based goods is expected to climb to over $2 billion dollars by 2020.

The bill would remove hemp from the Cannabis Control Act in Illinois and would give the Department of Agricultural in the state oversight of the new industry. This now adds to the more than 30 states that has passed some sort of positive legislation for the revival of a commercial industrial hemp industry.

You may be interested

CannTrust Completes First Shipment of Cannabis Oil to Denmark Partner STENOCARE
Global
5 views
Global
5 views

CannTrust Completes First Shipment of Cannabis Oil to Denmark Partner STENOCARE

Editor - September 18, 2018

CannTrust Holdings Inc. (TSX :TRST ) announced this morning that the company has completed its first international shipment of cannabis oils based products to STENOCARE, a Danish company…

Canopy Growth’s Tweed Farms Receives Additional Licensing for Cannabis Production
Market Watch
28 views
Market Watch
28 views

Canopy Growth’s Tweed Farms Receives Additional Licensing for Cannabis Production

Editor - September 17, 2018

Canopy Growth Corporation (TSX: WEED) (NYSE: CGC) announced this morning that their Tweed Farms cannabis cultivation operation has received an amendment to their license which will approve…

Cash Crop Today Interview with Baylee Sweet from The Harvest Helper Trimmer Store
Tech
1622 views
Tech
1622 views

Cash Crop Today Interview with Baylee Sweet from The Harvest Helper Trimmer Store

Editor - September 14, 2018

The Harvest Helper Trimmer store is one of the top resources for cultivators located in the Northwestern part of the United States for all of their automated…

Leave a Comment

Your email address will not be published.

Most from this category

%d bloggers like this: