2018 farm bill

The U.S. Small Business Administration is asking federal agriculture officials to listen to farmers on five crucial elements of the proposed interim final rule for hemp production. In its formal comments to the U.S. Department of Agriculture’s Agricultural Marketing Service during the extended comment period that ended last week, the Office of Advocacy of the
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Federal agriculture officials have released new loan guidance for direct and guaranteed loans for hemp producers and to ensure the new commodity is recognized as legal through the U.S. Department of Agriculture’s Farm Service Agency. “While it’s understood that this new commodity will likely produce some servicing challenges because of state and federal regulations, it
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California instituted a 10-year ban on drug felons growing hemp, a move state authorities say is required by the federal law that legalized the crop. The ban, issued by California’s Department of Food and Agriculture, makes people convicted of drug felonies ineligible to receive state hemp-cultivation licenses for a decade. The emergency rule was issued along
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Six state agriculture departments have opted to run their 2020 hemp production programs under the existing rules, and the number could grow as the spring planting season approaches and federal agriculture officials reject more state plans. Now those states want some assurances that their hemp farmers can harvest their plants under those same rules in
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In agriculture, it’s rare that a new commodity presents such new opportunities for farmers and businesses in the way hemp has. And the nascent industry has experienced its share of growing pains since the 2014 Farm Bill established a pilot research program for the crop in the United States and the 2018 Farm Bill made
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Stringent sampling and testing protocols mandated by federal agriculture officials in the new hemp production regulations could make the hemp flower market go up in smoke, according to industry observers. Farmers and industry advocates worry the lucrative smokable hemp flower that many farmers are producing – with hopes of earning some of the highest profits
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After a seasonlong struggle associated with banking and financing their operations, hemp farmers and businesses can exhale now that federal and state financial institutions have loosened reporting restrictions on hemp banking and issued guidance to members. The Federal Reserve Board, the Federal Deposit Insurance Corp., the Financial Crimes Enforcement Network (FinCEN) and the Office of
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Farmers and ancillary hemp businesses are not happy with the THC testing standards outlined within the U.S. Department of Agriculture’s (USDA) interim federal rule for hemp production. The rules require that hemp crops not exceed 0.3% total THC, which is derived from the sum of delta-9 THC and THCA content, on a dry weight basis. Crops
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Editor’s note: A version of this story appeared earlier on Marijuana Business Daily. Both hemp and marijuana businesses are taking careful note as professional cannabis courses and programs spring up at universities and other educational institutions across the country. Examples include Northern Michigan University, Doane University in Nebraska, the University of Denver and University of
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House lawmakers passed a historic cannabis banking bill Wednesday that also provides a safe harbor for financial institutions serving hemp and hemp-derived CBD businesses. Proponents believed that such provisions were necessary despite the fact that hemp became legal nationwide with the enactment of the 2018 Farm Bill. The hemp amendments in the SAFE Banking Act,
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(First in an occasional series on the challenges and opportunities faced by CBD companies in getting their products to market.) Mainstream retailers are contributing to the validation of the CBD category as national store chains continue to join the movement, driven by consumer demand and interest. The trend snowballed when national pharmacy chain CVS announced
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Some in Michigan’s fledgling hemp industry are concerned that a state privacy law preventing agriculture officials from disclosing hemp farmers’ identities and locations could negatively affect their businesses. As a stipulation under the 2018 Farm Bill, applicants who seek to produce and process hemp must give their GPS coordinates. But the Michigan attorney general’s office
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Hemp farmers and businesses continue to have difficulty financing their operations and securing banking services, despite federal lawmakers’ calls for them to be treated as lawful, legitimate businesses following passage of the 2018 Farm Bill. Due to a lack of clear federal banking regulations and uncertainty from financial institutions, hemp and CBD businesses are finding that
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