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Hemp Industry Gets Lift From New USDA Rule

forbes.com January 20, 2021

Hemp Industry Gets Lift From New USDA Rule

I cover every spectrum of agriculture, from large operations to small.

In 2018, the hemp got a boost from that year's Farm Bill when Congress legalized the cultivation of the crop. Now it is getting more good news after the USDA issued a new ruling raising the restricted ceiling of it's Tetrahydrocannabinol (THC) -- the principal psychoactive constituent of cannabis -- as well as the time frame which farmers can harvest the crop.

Effective March 22, producers can grow a crop which can produce a THC limit of 1%, up from the previous 0.3% and moves the harvest window from 15 days to 30. The changes came about after public comments from farmers and industry members which solicited their opinions about interim hemp rules released in 2019.

The rule comes on the heels of a bill introduced by Senator Rand Paul (R-KY) in December. That plan introduced the Hemp Economic Mobilization Plan in an effort to help overcome some of the obstacles which hemp...


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