Hemp industry expected to blossom under new Farm Bill
Dennis Romero
4 hrs ago The U.S. hemp industry is expecting business to expand and investors to beckon after Congress on Wednesday passed farm legislation that included a provision to legalize and regulate the plant under the Department of Agriculture.
"This is a monumental bill for hemp farming," said Lauren Stansbury of the Hemp Industries Association.
The bill, awaiting President Trump's signature, opens the door to state-by-state regulation, removes hemp from the federal enforcement of outlaw drugs, and gives hemp farmers access to banking, crop insurance and federal grants, experts said.
That could open the industry — which produces therapeutic cannabidiol (CBD), fabric, rope and even ethanol — to a wave of investment.
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http://www.msn.com/en-us/news/us/hemp-industry-expected-to-blossom-under-new-farm-bill/ar-BBR2mmi?ocid=ientp
