2018 Farm Bill Legalizes Hemp and CBD Federally
Key Takeaway
President Trump signed the Agriculture Improvement Act of 2018, removing hemp (defined as cannabis with less than 0.3% delta-9 THC) from the Controlled Substances Act and creating the legal foundation for the nationwide CBD industry. The bill did not legalize marijuana or affect Section 280E for state-legal operators.
What This Means for Cannabis Businesses
Federal policy changes ripple across the entire cannabis industry. Whether it's rescheduling progress, banking legislation, or court rulings, these developments shape the operating environment for businesses in every legal state. Operators should monitor these developments closely and consult with their legal counsel to understand the implications for their specific markets and operations.
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This analysis is based on reporting by Wikipedia: 2018 farm bill. Read the original article. CannaBizGuide provides original commentary and analysis - this is not legal or tax advice.