A bill introduced in the U.S. Senate on Thursday would legalize industrial hemp farming and make federal research funding available to those studying hemp’s various potential uses.The Hemp Farming Act of 2018, introduced by Sen. Majority Leader and Kentucky Republican Mitch McConnell, would remove industrial hemp from Schedule 1 of the Controlled Substance Act and turn over regulation to the U.S. Department of Agriculture (USDA), which would in turn allow state agriculture departments to create their own regulatory programs.The bill also would also enable researchers to apply for funding through USDA and allow farmers to obtain crop insurance for hemp.Industrial hemp is the straight-laced sibling of marijuana. Both come from the same fibrous cannabis plant, but hemp has less than half a percent of the psychoactive substance that gets you high — delta-9 tetrahydrocannabinol, or THC. Nevertheless, the Controlled Substances Act still classifies hemp under its broad definition … [Read more...] about Senate bill would legalize industrial hemp, open up federal funding
Share This Story! Let friends in your social network know what you are reading about Facebook Email Twitter Google+ LinkedIn Pinterest 'It's time to change that': Mitch McConnell moves a step closer to legalizing hemp in Kentucky Mitch McConnell introduced a bill on the Senate floor Thursday which would remove hemp from the list of controlled substances. Sent! A link has been sent to your friend's email address. Posted! A link has been posted to your Facebook feed. Join the Conversation To find out more about Facebook commenting please read the Conversation Guidelines and FAQs Subscribe Today Log In Subscribed, but don't have a login? Activate your digital access. Thomas Novelly, Louisville Courier Journal Published 1:39 p.m. ET April 12, 2018 | Updated 2:10 p.m. ET April 12, 2018 CLOSE Kentucky has a long history with hemp. Take a look at the amount produced and the different ways it's used today. Video by Jeff Faughender … [Read more...] about ‘It’s time to change that’: Mitch McConnell moves a step closer to legalizing hemp in Kentucky
Two Florida physicians have sued the owner of Full Spectrum Nutrition in Colorado Springs, claiming their $1.1 million investment in the marketer of cannabinoid-rich hemp extracts and products went instead to a Costa Rican wildlife refuge. Dr. Josse Anthony Mazo and his wife, Dr. Maritza Rascos, both of Melbourne, Fla., have sued John Michael Merritt Jr., the owner of Full Spectrum Nutrition. The doctors claim they were defrauded and they want their money back plus three times that sum in damages. Orlando, Fla., attorney Craig Brand this week filed a lawsuit on their behalf in Denver U.S. District Court. “It’s all done as a sham,” Brand said Thursday, referring to Merritt’s business strategy. Merritt is a “classic con artist” who preys on people who dream of making millions on the rapidly growing marijuana industry, Brand said. Costa Rica is an animal lover’s paradise, Brand noted, but Mazo and Rascos never intended for any of their … [Read more...] about Two doctors invested $1.1 million in a Colorado hemp-oil company. Their money ended up funding a Costa Rican wildlife refuge.
Notice: Undefined variable: city in /var/www/lanereport.com/docroot/wp-content/plugins/geolocation/geolocation.php on line 436 Notice: Undefined variable: city in /var/www/lanereport.com/docroot/wp-content/plugins/geolocation/geolocation.php on line 438 Notice: Undefined variable: state in /var/www/lanereport.com/docroot/wp-content/plugins/geolocation/geolocation.php on line 440 Notice: Undefined variable: country in /var/www/lanereport.com/docroot/wp-content/plugins/geolocation/geolocation.php on line 442 Notice: Undefined variable: address in /var/www/lanereport.com/docroot/wp-content/plugins/geolocation/geolocation.php on line 445 WINCHESTER, Ky. (April 12, 2018) — Ninety-two-year old Kentucky farmer Jacob Graves applauded the filing of the Hemp Farming Act of 2018 as an opportunity for rural economic development, and the positive outcome of 25 years of advocacy. “The relationships we’ve built over the years and the research and development … [Read more...] about Hemp Farming Act of 2018 promises rural economic development
Wisconsin farmers stressed by stagnant dairy and grain markets are showing strong interest in growing industrial hemp this year, but a state agricultural official is warning them not to count on the niche crop to solve their financial problems.“I’d say interest from farmers is almost extreme,” said Brian Kuhn, who heads the plant industry bureau of the state’s Department of Agriculture, Trade and Consumer Protection.“The calls we take every day about hemp are very high, and our website hits blows away numbers for almost anything we’ve put on our website in some time,” he said. “We’re getting distinctly higher numbers (for hemp) than what we’re used to, which is a good thing.”But while the niche crop has the potential to create more income than corn or soybeans, Kuhn said farmers will get burned if they don’t follow rules for selling hemp that are different from rules for selling corn, soybeans and other mainstream … [Read more...] about State farmers showing strong interest in growing industrial hemp