Home/Industry News/Federal appropriations bill includes nearly $20 million in hemp industry provisions
Federal appropriations bill includes nearly $20 million in hemp industry provisions
investmentvaluefinders 8 January, 2020Industry NewsComments Off on Federal appropriations bill includes nearly $20 million in hemp industry provisions1,196 Views
A $1.4 trillion federal spending bill that passed both houses of Congress and was expected to be signed Friday by President Donald Trump reportedly includes provisions that would benefit hemp and CBD businesses.
The Consolidated Appropriations Act of 2020 secures nearly $20 million in funding for the growing hemp industry, according to U.S. Senate Majority Leader Mitch McConnell.
McConnell, a Republican from Kentucky who is a senior member of the Senate Appropriations and Agriculture Committee, and Sens. Ron Wyden and Jeff Merkley, both Democrats from Oregon, worked to include the provisions in the 2020 federal spending act, according to advocacy group Vote Hemp.
The bill includes:
$16.5 million for the U.S. Department of Agriculture (USDA) to implement hemp provisions in the 2018 Farm Bill.
$2 million for the research of hemp through Agriculture Research Service (ARS) sites.
A measure encouraging the Food and Drug Administration (FDA) to issue formal enforcement discretion guidance for CBD products.
A provision directing the Farm Credit Administration to offer services to hemp producers and businesses.
A prohibition barring the federal government from banning the transfer, production or sale of hemp in accordance with the 2014 Farm Bill.
Support for competitive USDA grants for hemp projects.
A measure to support the U.S. Drug Enforcement Agency’s (DEA) efforts to deploy technology to enable law enforcement to distinguish between hemp and marijuana in the field.
Investment Value Finders specializes in providing opinions and information on stocks to individuals who wish to receive them. Our reports are construed for information purposes solely and are distributed free of charge to individuals who wish to receive them.
Investment Value Finders does not promote, condone or advocate licit or illicit drug use. Investment Value Finders cannot be held responsible for materials or contests posted on its website pages, or pages to which we provide links, which promote, condone or advocate licit or illicit drug use or illegal activities.
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS WEBSITE. We are not registered as a securities broker-dealer or an investment adviser. We are neither licensed nor qualified to provide investment advice.
Investment Value Finders occasionally receives direct compensation for hosting links (or other* advertisements) to third party content that may be subject to disclaimer pursuant to Section 17(b) of the Securities Act of 1933. For those instances where the link text contains company or stock-specific mention, we provide the following list of compensation received in order to ensure full disclosure and transparency.
Investment Value Finders is intended for those 21+ years of age only!
Stock markets worldwide have been in red since Russia began its invasion of Ukraine last …
Cookie Policy
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read MoreCookie settingsACCEPT
Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.