Congress Passes Farm Bill and Legalizes Hemp
The House has just passed the U.S. Farm Bill in a 369 to 47 vote. Under this new legislation, American farmers will be able to plant and harvest hemp. The bill passed the Senate on Tuesday in an 87 to 13 vote. President Trump is expected to sign the bill into law.
While hemp is derived from the cannabis plant, it does not contain any psychoactive components. It is typically used for its fiber to make products like food, paper, clothing, rope and more.
As it stands, farmers face several barriers to growing hemp due to federal prohibition — including restricted access to banking, water rights and crop insurance. The bill will remove those restrictions.
The bill may also boost interest in the booming CBD industry. CBD has been touted for a variety of health and wellness claims, and has been popping up in more and more products from coffee and tea to supplements and beer.
Because CBD can be sourced from both marijuana and hemp plants, its legal status has been somewhat hazy. Now that hemp is legal, CBD from hemp may be legal too.