The 2018 Farm Bill has opened a window of opportunity for cultivation of industrial hemp – an industry whose products were valued at nearly $700 million in 2016. However, before U.S. growers can go all out for industrial hemp, there’s a regulatory waiting game that needs to play out.
Rusty Rumley, senior staff attorney for the National Agricultural Law Center, will outline the current regulatory landscape for industrial hemp in a Sept. 18 webinar that starts at 11 a.m. CST / noon EDT. There is no cost to attend the webinar.
The 2018 Farm Bill lays the foundation for the commercial production of industrial hemp in the United States. State departments of agriculture and tribal governments are currently waiting on regulations from the U.S. Department of Agriculture under which states will create their own plans to regulate the cultivation of industrial hemp.
These plans must be approved by the USDA. Understanding the new regulations and other potential hurdles are critical for the successful production of industrial hemp in the United States.
Rumley will highlight any new USDA regulations if they are issued by the time of the webinar.
The global market for industrial hemp consists of more than 25,000 products, according to the Congressional Research Service, including textiles, recycling, food and beverages and cannabidiol, better known as CBD.
“Industrial hemp is a rapidly growing segment of the agricultural sector in many states and the implementation of the 2018 Farm Bill will further benefit the new industry,” Rumley said. “There are myriad challenges going forward that will need to be addressed such as the ability to sell direct to consumers, issues with crop insurance, the use of pesticides and the legal status of CBD.”
Those interested can register online here.