The 2018 Farm Bill and the status of Industrial Hemp?
The following article is a good summation and overview of the recently passed 2018 U.S. Farm Bill, that addressed the legality of industrial hemp (or C B D). It is from the CPA firm Bridge West. Bridge West focuses solely on the cannabis industry and provides accounting and tax services to companies in the cannabis space. We thank them for this overview and fully attribute the content to them. The notes throughout and at the end of this overview summary are from us, Smart Hemp. * * * * * * * * * * * * * * President Trump recently signed the 2018 Farm Bill into law. This is not an ordinary farm bill, as the most interesting changes involve the cannabis plant and cannabis is not usually part of the discussion concerning farm subsidies, nutritional assistance, and crop insurance. However, Senate Majority Leader Mitch McConnell’s strong support for and guidance on hemp has sparked much discussion and interest. Hemp is defined in the legislation as the cannabis plant with only one fac...