Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   
   

Agricultural News


It's Official - Hemp Legalization Makes the Cut in Final Farm Bill Agreement Negotiations

Thu, 29 Nov 2018 13:03:25 CST

It's Official - Hemp Legalization Makes the Cut in Final Farm Bill Agreement Negotiations On Thursday morning, lawmakers in the Senate and House Agriculture Committees announced that they had reached an agreement in principle on the large-scale food and agriculture policy legislation also known as the Farm Bill. It has been confirmed that the much talked about hemp language made the cut. Hemp would be defined as all parts of the plant-including seeds and extracts-as long as they contain less than 0.3 percent THC. The cannabis industry says that this will big proponent to the CBD market.


If passed, the crop would be entirely removed from the Controlled Substances Act under the legislation. The Congressional Budget Office is currently scoring the bill. Once that’s complete and language is officially filed, the Farm Bill will be teed up for up-or-down votes in both chambers of Congress and, pending approval, sent to the president’s desk.


Paul Rosen, the CEO of Tidal Royalty and one of the original pioneers of the CBD and cannabis industries says the bill “Would open the door for CBD-based products at a national level, helping a wider segment of the population experience firsthand the benefits of cannabis-derived products. It would also allow the use of hemp as an input in many more products (as legalization should reduce prices)." he adds "From the CBD perspective, legalization would open the door for corporate farming (big agriculture) to quickly dominate the cultivation and manufacturing of CBD inputs. This should bring down effective pricing. We see the value in the industry accruing to the brands that can utilize CBD inputs to create compelling products that consumers want."


Source - Tidal Royalty



   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Farm Bureau's Rodd Moesel Talks About the Importance of the Passage of USMCA   Fri, 24 May 2019 17:47:29 CDT
  • OSU's FAPC Explains How to Ensure Food and Beverages are Safe to Consume After a Flood  Fri, 24 May 2019 16:21:27 CDT
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, May 24, 2019   Fri, 24 May 2019 16:11:28 CDT
  • Oklahoma Cattlemen’s Foundation Launches a Flood Relief Fund for Cattlemen Affected by Flooding  Fri, 24 May 2019 16:01:15 CDT
  • Placements End Up Being Friendly in the May First Cattle on Feed Report- Dr. Derrell Peel Offers His Analysis  Fri, 24 May 2019 16:35:07
  • Governor Stitt Signs General Appropriations Bill for FY2020, Including $3.29 Million for Ag, Rural OK  Fri, 24 May 2019 14:39:53 CDT
  • Friday Afternoon Market Wrap-Up with Carson Horn  Fri, 24 May 2019 14:21:45 CDT
  • OK's 2019 Legislative Session Wraps Up, OKFB's Steve Thompson Recaps on Ag's Many Victories  Fri, 24 May 2019 14:45:08 CDT

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Herbs Herb Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show AFR Insurance Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com


       
       
    © 2008-2019 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.