It’s official! President just signed the Federal Farm around 3:02p central time. This bill made industrial hemp federally legal across the united states among other huge reformations including food stamps and resources for farmers!
You know what that means! Hemp and hemp-based products derived from legal hemp plants are now a legalized federal commodity, similar to corn and soybean, but with some regulation. States can still keep there own laws in place regarding hemp, but this is a huge victory for the hemp industry, Senate majority leader Mitch McConnell and various hemp advocacy groups including Legacy Hemp, LLC. We are proud to be able to supply farmers with the certified industrial hemp seed that they need!
This bill does NOT make products derived from marijuana legal however, this is a key distinction. Marijuana is still technically federally illegal. Hemp differs on its THC content (the psychoactive drug). Hemp cannot contain more that 0.3% THC. Industrial hemp CANNOT get you high. However, hemp is a sustainable industrial food, fiber, construction, biofuel, bioplastic, electronic material, alternative medicine and many more with huge potential in each of these industries!
What this Farm Bill does for hemp includes: preventing states from interfering with transport of federally legal hemp products, seed, and derivatives. This opens the doors for banks to be more willing to give out loans for hemp operations and business ventures and more!