Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm and Ranch Programming, Radio Oklahoma Ag Network  |  2401 Exchange Ave, Suite F, Oklahoma City, Ok 73108  |  (405) 601-9211

advertisements
   
   
   
   
   
   
   
   
   
   

Agricultural News


It's Official - Hemp Legalization Makes the Cut in Final Farm Bill Agreement Negotiations

Thu, 29 Nov 2018 13:03:25 CST

It's Official - Hemp Legalization Makes the Cut in Final Farm Bill Agreement Negotiations On Thursday morning, lawmakers in the Senate and House Agriculture Committees announced that they had reached an agreement in principle on the large-scale food and agriculture policy legislation also known as the Farm Bill. It has been confirmed that the much talked about hemp language made the cut. Hemp would be defined as all parts of the plant-including seeds and extracts-as long as they contain less than 0.3 percent THC. The cannabis industry says that this will big proponent to the CBD market.


If passed, the crop would be entirely removed from the Controlled Substances Act under the legislation. The Congressional Budget Office is currently scoring the bill. Once that’s complete and language is officially filed, the Farm Bill will be teed up for up-or-down votes in both chambers of Congress and, pending approval, sent to the president’s desk.


Paul Rosen, the CEO of Tidal Royalty and one of the original pioneers of the CBD and cannabis industries says the bill “Would open the door for CBD-based products at a national level, helping a wider segment of the population experience firsthand the benefits of cannabis-derived products. It would also allow the use of hemp as an input in many more products (as legalization should reduce prices)." he adds "From the CBD perspective, legalization would open the door for corporate farming (big agriculture) to quickly dominate the cultivation and manufacturing of CBD inputs. This should bring down effective pricing. We see the value in the industry accruing to the brands that can utilize CBD inputs to create compelling products that consumers want."


Source - Tidal Royalty



   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Friday Market Wrap-Up with Justin Lewis  Fri, 14 Dec 2018 14:56:56 CST
  • Oklahoma Grain Elevator Cash Bids as of 2:00 p.m. Friday, December 14, 2018  Fri, 14 Dec 2018 14:50:13 CST
  • Ellen Coblentz of Chouteau, Okla. Recognized as a Significant Woman in Agriculture by ODAFF  Fri, 14 Dec 2018 14:39:05 CST
  • Friday Afternoon Market Wrap-Up with Carson Horn  Fri, 14 Dec 2018 14:00:07 CST
  • Farm Bureau Contends New USDA Broadband Program Will Boost Local Economies in Rural America  Fri, 14 Dec 2018 13:54:46 CST
  • CattleFax's Upcoming Webinar to Outline Beef Industry Analytics Firm's Market Expectations for 2019  Fri, 14 Dec 2018 12:25:15 CST
  • Noble's Dr. Myriah Johnson Defines What Antimicrobial Stewardship Means for Cow-Calf Producers  Fri, 14 Dec 2018 12:20:50 CST
  • OSU's FAPC Center Releases Its Top 10 Food Safety Tips for the 2018 Chirstmas Holiday Season  Fri, 14 Dec 2018 12:02:53 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Livestock Exchange Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit P&K Equipment Tulsa Farm Show Stillwater Milling KIS FUTURES, INC. Oklahoma Cattlemen's Association

    Search OklahomaFarmReport.com

    Find more about Weather in Oklahoma City, OK

       
       
    © 2008-2018 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.