The 2018 Farm Bill was instrumental in pushing the hemp industry from restriction to one worth billions of dollars. The legislation legalized the cultivation and sale of industrial hemp, classifying hemp as cannabis with less than 0.3% THC content. On condition that farmers grew the crop under state and tribal programs, and they adhered to the rule on THC (delta-9 tetrahydrocannabinol), they were free to farm hemp.
A few months later, there was a raving hemp Industry, but since there were hardly any regulations, players in the sector, especially farmers, were denied essential services like insurance and banking. In October, the U.S. Department of Agriculture finally released its much-awaited interim final rule on hemp, with a comment period for interested parties to offer...
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