Having Headaches with Hemp?
I am sure you have all heard by now that on December 12, 2018, Congress passed the Farm Bill. With the passage of the Bill, hemp production will become legal once the final regulations are written and enacted. Some estimate hemp production will grow into a $20 billion industry by 2022.
But what exactly does the passage of the Farm Bill mean for your institution? To answer that question, we must look at some of the particulars of the Farm Bill.
- Hemp is no longer listed on Schedule I of the Controlled Substance Act, and is defined as “the plant Cannabis sativa L. and any part of that plant, including the seeds thereof and all derivatives, extracts, cannabinoids, isomers, acids, salts, and salts of isomers, whether growing or not, with a delta- 9 tetrahydrocannabinol concentration of not more than 0.3 percent on a dry weight basis.” That means, any hemp plant with not more than 0.3% THC (the part that makes you high) – p. 419 of the Farm Bill
- The Farm Bill does not prohibit interstate commerce of hemp – p.425 of the Farm Bill