Appropriations Act Signals Congress' Hemp Industry Support
January 05, 2021
Appropriations Act Signals Congress' Hemp Industry SupportJanuary 05, 2021 In the sprawling 5,593-page Consolidated Appropriations Act of 2021 are several important provisions intended to benefit the hemp industry. Equally as important as the statutory changes contained in the legislation, the congressional directives aimed at the US Department of Agriculture signal strong congressional support for the hemp industry. Certainly, the hemp industry and hemp-derived cannabinoid market participants did not get everything they wanted out of this appropriations bill. However, what they did receive demonstrates the increasing influence of hemp proponents on Capitol Hill and the willingness of members of Congress to support the growing and marketing of hemp and hemp-derived products in the US. In this article for Law360, Eversheds Sutherland Partner Greg Kaufman goes over the key provisions and their potential significance to the industry. Latest Insights
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