The new Farm Bill of 2018 was submitted last week with the hopes of finally removing non-psychoactive cannabis varieties (aka – hemp) from the Controlled Substances Act.
In addition to legalizing hemp under federal law, the Hemp Farming Act of 2018 would remove restrictions on banking access, water rights and other roadblocks that farmers and processors currently face.
The U.S. Department of Agriculture would receive oversight plans from states, and then state departments of agriculture would regulate local production.
The bill would also make USDA research funding available to farmers, and hemp plants would be eligible for crop insurance.
Read more about what this means here: Hemp Farming Act of 2018