IMPACT OF THE 2018 FARM BILL
In the late evening of December 10, 2018, the 2018 Farm Bill House/Senate Conference Committee released its Conference Report, which was 807 pages long. Hemp has been permanently removed from the CSA (Controlled Substance Act). It is now deemed an agricultural commodity. Hemp will no longer be mistaken as a controlled substance!
Congress explicitly has removed hemp products such as hemp-derived cannabidiol from the purview of the CSA. The DEA (Drug Enforcement Administration) will no longer have any interference with the interstate commerce of hemp products. Hemp farmers may now finally access needed crop insurance and can finally participate fully in the USDA programs for certifications and competitive grants.
State and Tribal governments may impose with separate restrictions. However, they cannot interfere with the state transportation of hemp or hemp products. Of course we are hoping the local and state officials will follow in congress’ lead.
The FDA (Food and Drug Administration) will continue to have regulation over the ingestible and topical hemp products. We applaud the agency’s effort to crack down on those who undermine the industry through misguided marketing claims.
Koi CBD is on the U.S. Hemp Roundtable as a Board of Director member so, any information regarding this we will keep our customers updated to the fullest extent.
There’s only one more step to permanent legalization – the President’s signature – and he has already indicated support of the measure. As soon as he applies his pen to paper, the law takes immediate effect.
We expect some sort of ceremonial bill signing imminently, and we will keep you informed.