This Nov 3rd, join us for the third edition of Business of Cannabis: New York at the New York Academy of Medicine. A day long leadership summit focused on retail, investment & policy across New York and North America. Tickets on-sale now – www.cannabisnewyork.live
Senator John Boozman has suggested that the renewal of the 2018 Farm Bill may not be achieved by the end of year deadline and has proposed an extension of one year.
The Farm Bill would provide regulation for cannabinoids including Delta-8, with the success of the U.S hemp industry depending on the bill’s renewal.
The 2018 Farm Bill brought a significant change for the US hemp industry by descheduling commercial hemp production and eliminating the hemp from the Controlled Substances Act, allowing States to seek USDA approval for their commercial industrial hemp programmes.
The initial September deadline for renewal of the Farm Bill has already been missed, with a new deadline set for the end of 2023.
St. Louis Public Radio reports that a member of the U.S. Senate Agriculture Committee, Senator John Boozman, has suggested that a one-year extension on passing the bill should be considered.
At a roundtable discussion, Boozman stated: “We want to get the farm bill done as soon as possible, hopefully before the end of the year. That doesn’t preclude us from getting it done.
“But it gives us that time. And it gives the farmers the certainty that they will have a farm bill in place.”
With the bill encompassing a number of agricultural and food policies not limited to hemp, the progress will be a complex legislative undertaking.
