Today marks a monumental day for the American Farmer and the American economy. Senate Majority Leader Mitch McConnell introduced the Hemp Farming Act of 2018, a “milestone agreement working with a bi-partisan effort,” Leader McConnell said. The bill will finally remove hemp from the Controlled Substances Act as a Schedule I Narcotic.
In April 2018 Senate Majority Leader Mitch McConnell officially announced his support of federally legalizing agricultural hemp with the introduction of his Hemp Farming Act of 2018. Senator McConnell understands the deep economic impact of the hemp crop in his home state, Kentucky, and across the nation, so when the time came to insert the language into the 2018 Farm Bill, McConnell jumped on the opportunity.
CBD oil has been touted as a remedy for veterans and others suffering from PTSD, but the Department of Veterans Affairs won't cover CBD oil as part of its benefits because it is derived from cannabis. Instead veterans have received opioids to deal with their pain. Many veterans don't want to deal with the side effects of opioids and have started to turn to hemp-derived CBD oil as a solution. CBS Morning News reports.
Last week was an exciting week for hemp across America with the introduction of two bills in both the Senate and House of Representatives. Senate Bill 2667 and House Bill 5485 will exclude hemp from the Controlled Substances Act. The bill will push hemp regulation into the arms of the USDA as opposed to the DEA, removing large production barriers and opening markets across the U.S.