The Senate Committee on Agriculture, Nutrition, and Forestry advanced the 2018 Farm Bill on Wednesday in an overwhelmingly supportive 20-1 vote, according to a Marijuana Moment report.

“It’s a landmark piece of legislation that will benefit farmers and communities throughout our country. I’m particularly excited that the legislation being considered today includes provisions from the Hemp Farming Act of 2018…which I introduced earlier this year.” — Senate Majority Leader Mitch McConnell, during a hearing on Wednesday

The Farm Bill could still be subject to changes upon reaching the Senate floor but the hemp legalization amendment enjoys strong bipartisan support, with both the Senate Majority Leader and Senate Minority Leader Chuck Schumer (D-New York) enthusiastically backing it.

In one last-minute effort to undermine the hemp legalization language, Chuck Grassley (R-Iowa) filed a controversial amendment to the Farm Bill on Tuesday targeting the hemp-derived CBD industry. The amendment would have modified the hemp legalization language to exclude “the derivatives, extracts, cannabinoids, isomers, acids, salts, and/or salts of isomers” of the plant. Sen. Grassley said that he would support hemp legalization but not the CBD extracts industry; he also said that he had objected to McConnell’s hemp legalization language on procedural grounds but was ignored by his colleagues.

Advocates and hemp supporters lashed out against the amendment. In a series of tweets, Kentucky’s Commissioner of Agriculture Ryan Quarles railed against Sen. Grassley’s amendment:

“On behalf of Kentucky’s farm families, I STRONGLY oppose Senator Grassley’s Amendment…. CBD has been a huge part of making our research pilot a model for the nation. Kentucky’s farmers and processors are making innovative CBD products available to consumers. We recorded millions of dollars in sales revenues last year. The Grassley Amendment must be STOPPED in its tracks.” — Kentucky Commissioner of Ag. Ryan Quarles, on Twitter

The bill advanced, however, without Sen. Grassley calling for the committee to vote on his amendment. Instead, he asked senators to “work with me to modify this provision after this bill gets out of committee.”

Do you own a cannabis industry business? Create a listing in our directory and get discovered by new clients - Click Here
.

Tags: , , | Categories: Cannabis Politics Industrial Hemp News

Learn about cannabis businesses:

View the directory | Get featured here

  • Precision Extraction Solutions

    Precision® Extraction Solutions is the industry leader in cannabis extraction equipment, training and consulting. Precision® extraction systems are world renowned for quality, safety and precise operation. Costing half of comparable CO2 systems, with nine times more efficient processing, more award winning concentrates are made with Precision® than any other brand.

  • MarijuanaDoctors.com

    MarijuanaDoctors.com was founded as the trusted gateway for patients searching for medical marijuana treatment in legal medical marijuana states. We provide patients visibility and transparency in selecting a doctor and setting an appointment for a medical marijuana evaluation including detailed profile information, scheduling information, and ratings and reviews.

  • Fast Capital Financing

    FCF understands the importance of financial stability to ensure the success of your business. That's why we offer loan options delivered by our expert business advisers so you can worry less about working capital, and more about what really matters - running your business! We work with all credit scores and offer an easy online application. You can receive a decision in as little as 24 hours! Contact us now to speak with one of our business advisers.

  • HempStaff

    HempStaff is an industry leader in Marijuana Industry Recruiting and Dispensary Training. We strive to find the perfect match for Employers and Employees in the Cannabis Industry. From Dispensary Managers and Master Growers to Cannabis Chefs and Trimmers, we find the right match for both our clients and candidates. We are currently working with marijuana business owners across America to help them locate qualified employees as well as providing Dispensary Training for the entry level employee in states with new markets.

  • Wise Public Relations, Inc.

    We help our clients win by outsmarting and outmaneuvering the competition rather than outspending them. That’s our specialty. Through a strategic mix of marketing disciplines, all working together to create real momentum that give our clients a critical competitive advantage in the marketplace. MedMen, Cloudponics, Style & Stigma. We take great pride in the work we do and accountability for the opinions we shape. We have fun doing it. And we hope it shows.

  • Hardcar

    HARDCAR is a world class asset protection and armored transportation company From ground breaking cybersecurity to robotics and custom built solutions to meet customer demand we believe in real customer satisfaction not lip service.

  • Dispensary Permits

    DispensaryPermits.com offers “seed to sale” consulting services with hands on support to medical marijuana entrepreneurs. Whether you are looking to break into the industry or you have previous experience with owning or operating a dispensary, cultivation, manufacturing or testing facility; our custom crafted solutions provide support and guidance for both novice and expert medical marijuana entrepreneurs.

  • Green Fields Accounting

    We have a full bookkeeping service to help you keep your financial statements compliant. We are also experts in taxation. We keep informed of all the latest industry tax changes. We are also Enrolled Agents who are experts in defending our clients in audits with the IRS. We can also help with sales and excise taxes applicable to your business. We will make sure you understand Form 8300 and take care of the e-filing of this form.

  • New Approach Bookkeeping LLC

    We have been providing financial support since 2013 for Cannabis Growers/Producers, Retailers/Dispensaries, Delivery, Processors, and all those in between. We understand 280e and 263a publications and how it affects the cannabis industry.

  • HappyChap Creative

    An upstart design/build/create/help/strategize agency based in the Pacific Northwest. We help good people & companies get the recognition they deserve through clever, honest communication and the right look. We love working with cannabis brands who set a high bar for quality and who emphasize the positive impact that cannabis legalization will have on the world.

  • California Cannabis CPA

    California Cannabis CPA is the premiere CPA firm that helps individuals and companies working in the Cannabis Industry with all tax planning, compliance, preparation, savings, and peace of mind.

  • My Cannabis Accountant

    We are a Boutique Accounting firm focused on the cannabis industry. Our management team has over 100 years of combined experience in public accounting. Running a legal cannabis-based business can be complicated. Let us make sure your business is compliant with all federal, state and local financial regulations so that you can focus on your business.

Want a job in the cannabis industry?

Sign up to apply for unlimited jobs and get discovered by companies who are hiring

Post Your Resume View all jobs

Recent Job Postings

Subscribe for daily cannabis news, announcements, and business insights.

Stay informed about the latest cannabis industry news, policy progress, and business developments.