The legalization of hemp at the federal level will provide new opportunities for food products and medications but also brings new regulatory challenges
Just before the close of 2018 the cannabis industry locked in another major victory with the passage of the Farm Bill that will, among other policy measures, legalize hemp cultivation and compel state and local governments to regulate a market estimated to hit $20 billion by 2022. The implications of the bill for local governments are significant, as it brings opportunities for additional revenues via business licensing and sales tax revenues, but also the inherent technical and political challenges found in regulating a new market…. Continue readingTags: 2018 Farm Bill, cannabis regulation, hemp legalization, hemp regulation, hemp regulation policies, regulating cannabis