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How the 2018 Farm Bill Affects the Hemp Industry
The Hemp Farming Act of 2018 was a proposed law to remove hemp (defined as cannabis with less than 0.3% THC) from Schedule I controlled substances and make it an ordinary agricultural commodity. Its provisions were incorporated in the 2018 United States farm bill that became law on December 20, 2018. This act has wide-ranging implications for the hemp industry. Here's a look at how the 2018 Farm Bill affects hemp farmers, retailers, and consumers.
Hemp Retailers
The second group that is affected by the 2018 Farm Bill is retailers who sell products made from hemp. Prior to the passage of this bill, retailers had to obtain a special license in order to sell products made from hemp. Now that hemp has been removed from the list of Schedule I controlled substances, retailers will no longer need a license to sell hemp products. This change is expected to lead to an increase in the availability of hemp products on store shelves across the country.
