By Lisa Olivo, Associate Editor01.14.19
On Dec. 20, 2018 President Donald J. Trump signed the 2018 “Agriculture Improvement Act” (more commonly referred to as the Farm Bill) into law, and with it came a huge victory for purveyors of hemp and hemp-derived products. With passage of the bill, hemp was declassified as a controlled substance under the Controlled Substances Act, meaning that under federal law the U.S. Food and Drug Administration (FDA) no longer views hemp as an illegal substance, thus separating it from marijuana.
Hemp cultivation will now be supervised by the Department of Agriculture, opening it up to eligibility for U.S. Department of Agriculture (USDA) research grants, federal crop insurance, participation in the National Organic Program (NOP), as well as access to banking and other financial tools supporting the production of agricultural commodities.
“The good news is that the Drug Enforcement Agency [DEA] is not out of the picture for any governance role for hemp,”
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