Cannabis Business Legal News

On December 12, 2018, with strong bipartisan support, Congress quietly passed the Agricultural Improvements Act of 2018 (H.R. 2), affectionately known as the Farm Bill. The President’s signature is expected.

Buried within the Farm Bill are explicit protections for hemp production from the Cannabis sativa L. plant, including all parts of the plant as well as any “and all derivatives, extracts, cannabinoids, isomers, acids, salts, and salts of isomers, whether growing or not, with a [THC] concentration of not more than 0.3 percent on a dry weight basis.”  And, this is huge ...