Local CBD provider responds to Farm Bill
The House of Represenatives agreed to pass a farm bill Wednesday that would allocate $867 billion spread out over 10 years that’s already awaiting President Donald Trump’s signature.
“It’s huge for American for this to move finally forward,” said Cody Hellickson President and Owner of Snake River Solace.
In the original draft, President Trump was in favor of tightening work requirements for SNAP benefits, a measure that unlikely was to pass after Democrats took back control of the House during the midterm elections.
After reaching a compromise, The President along with House and Senate leaders agreed to legalize hemp and remove it from the Government’s controlled substance list in exchange for SNAP benefits to be left untouched under the Hemp Farming Act of 2018.
Farmers reluctant to grow crops because of the industry’s growth in 2017 were on display as the news first broke about the legislative bill pass at Monday’s University of Idaho’s annual AG Outlook Seminar which focused on the current economic growth.
“Farmer’s at this rate with one acre of Hemp can roughly make upwards of $100,000 via the acre. If we have a huge massive increase we’re looking at deductions,” said Hellickson.
Industrial hemp comes from the same plant as marijuana, but the breeds used to produce Hemp don’t contain the levels of THC to produce a high.
Hellickson says he expects to the next five years to model that of the Tobacco Industry in the 90’s.
“If your hemp plant is more than 0.03% THC, The Federal Government is not going to approve it, said Hellickson.
Idaho Republican Senator Mike Crapo said in an email statement to KIFI News, “While the farm bill does include a provision to separate hemp from marijuana based on THC content. The bill would classify hemp as an agricultural product and would provide federal crop Insurance for hemp.”
While the bill may pass at the Federal level it will be up to the State and Counties whether or not it’s enacted.
“We are admirable to have their support and we admire it from them. Are we apprehensive? Yes, but we still look forward to moving forward, said Hellickson.”
U.S. Secretary of Agriculture Sonny Perdue today hailed the passage of the 2019 farm bill. The house of representatives approved the conference report on the bill this afternoon, following the Senate’s passage yesterday.
