Industrial Hemp on Track for 2018 Legalization | CashCropToday
0 Shares 189 Views

Industrial Hemp on Track for 2018 Legalization

May 6, 2018
189 Views

Industrial hemp pilot programs are now going to be conducted in Kansas, Oklahoma, and New Mexico. This brings the total number of states conducting research with the hemp plant to 40. With the growing number of states conducting research and The Hemp Farming Act of 2018 being introduced to congress, it seems that this year is vital to the development of a burgeoning commercial industry for hemp farming and manufacturing throughout the country.

Both Democrats and Republicans support decriminalizing industrial hemp. The passing of this bill would remove hemp from its schedule one drug classification. Interestingly enough propagation of the hemp plant is outlawed when the consumption of it products none of the euphoric feels that smoking the marijuana plant would.

The vote to legalize industrial hemp is planned to take place this month and most states are on board to support its initiatives. Senator Chuck Schumer (D-NY) and Mitch McConnell (R-KY) agree on very little except that industrial hemp is vital to the survival of the farming community in the U.S. McConnells bill would lift restrictions on banking access, water rights, and processing of hemp into manufactured goods.

2018 seems to be the year that industrial hemp retakes its place as an important stable crop and industrial material in the United States.

You may be interested

Green Growth Brands Debuts on CSE Under Symbol “GGB”
CCT Voice
3 views
CCT Voice
3 views

Green Growth Brands Debuts on CSE Under Symbol “GGB”

Editor - November 13, 2018

Green Growth Brands has announced this morning that their company has debuted on the Canadian Securities Exchange (CSE) under the ticker symbol “GGB.” The company is financially…

Green Thumbs Industries to Acquire Integral Associates Assets for $290M
Manufacturing
5 views
Manufacturing
5 views

Green Thumbs Industries to Acquire Integral Associates Assets for $290M

Editor - November 13, 2018

Green Thumbs Industries (CSE: GTII) (OTCQX: GTBIF) has announced this morning that the company has signed an agreement to acquire Integral Associates. The company’s assets are being…

MariMed Enters Strategic Partnership with Hemp CBD Producer GenCanna
Market Watch
34 views
Market Watch
34 views

MariMed Enters Strategic Partnership with Hemp CBD Producer GenCanna

Editor - November 12, 2018

MariMed Inc. (OTCQB: MRMD) has announced this morning that the company has created a strategic partnership with GenCannaGlobal Inc. Under the terms of the agreement the two companies…

Leave a Comment

Your email address will not be published.

Most from this category

%d bloggers like this: