What is Industrial Hemp
Industrial hemp laws are changing rapidly. Under the 2014 Farm Bill, state agricultural departments and institutes of higher learning were permitted to allow limited its cultivation for research purposes. With the passage of the 2018 Farm Bill, “hemp” was removed fully removed from the definition of marijuana in the Controlled Substances Act, allowing for a full commercial hemp industry.
“Hemp” is derived from the same variety of the plant, Cannabis sativa L. as marijuana. While marijuana remains a Schedule I controlled substance, “hemp” is defined as a plant of the genus Cannabis and any part of the plant containing a delta-9 tetrahydrocannabinol (THC) concentration of no more than three-tenths of one percent (0.3%) on a dry weight basis.
Cannabidiol, commonly known as CBD, is one of the most popular cannabinoids that can be derived from industrial hemp. CBD is commonly being used to manufacture medical products such as these wholesale CBD gummies as well as many other products for medical marijuana patients to consume for its medical benefits. CBD is incredibly popular, explaining the many people delving into the business of growing and selling the cannabinoid. With so many medical patients requiring it, many are looking for CBD seeds to get involved in the industry.
If you would like to find out more about CBD, its benefits, and its legality, take a look ultrazencbd.com.
By specifically defining hemp and distinguishing industrial hemp from marijuana, the 2018 Farm Bill opened the door for a new, federally legal, commercial industry. The 2018 Farm Bill established the United States Department of Agriculture (USDA) as the primary federal agency regulating industrial hemp. States may develop regulatory authority over it by submitting plans for regulation to the USDA. The USDA is currently developing rules and regulations to govern this process.
Interested in learning more about industrial hemp? Need corporate counsel? Request a free consultation now.