Hemp Industry Soars: Celebrating the Farm Bill Extension to 2024
“Discover the exciting implications of the Farm Bill extension to 2024 for the hemp industry. Learn how this pivotal development fuels growth and international expansion, and why ongoing advocacy is key for the future of hemp.”
Introduction
The hemp industry received a major boost with the extension of the Farm Bill through September 30, 2024. This development, highlighted in an article by Rod Kight, an international hemp and cannabis business law attorney, signifies a continued era of growth and opportunity for hemp companies across the globe.
Farm Bill Extension: A Boon for the Hemp Industry
The “Further Continuing Appropriations and Other Extensions Act, 2024” prolongs the provisions of the Agriculture Improvement Act of 2018 (the 2018 Farm Bill). This extension is a significant win for the hemp industry, which is already witnessing a surge in market demand, estimated at $28.4 billion.
Why This Extension Matters
- Sustained Industry Progress: The extension ensures that the hemp industry can maintain its momentum in the US, continuing to bring cannabis products to an eager market.
- International Market Opportunities: With the ability to cross borders, hemp companies are poised to tap into emerging cannabis programs worldwide, meeting international standards and expanding their global footprint.
The Role of Advocacy and Awareness
While the extension is a cause for celebration, it also underscores the importance of political engagement. Educating local, state, and national representatives about hemp’s benefits is crucial in shaping supportive policies and fostering industry growth.
Looking Ahead: Anticipating the Next Farm Bill
As the industry looks forward to the next Farm Bill in fall 2024, there’s an air of optimism about the future of hemp. This period will be critical for companies to establish and expand their operations, both domestically and internationally.
Conclusion
The extension of the Farm Bill to 2024 marks a milestone for the hemp industry. It’s a time for growth, exploration, and continued advocacy. Let’s embrace this opportunity and contribute to the hemp industry’s thriving future.
Keywords: Hemp Industry Growth, Farm Bill Extension 2024, Hemp Advocacy, International Cannabis Market, Sustainable Hemp Progress, Hemp Industry Expansion.
00:00:00 Introduction
00:01:59 THCa Legal for another year 2023 Farm Bill
00:13:24 GOP Blocks Ban on Interfering with State Cannabis Laws
00:18:50 Cheech & Chongs Cruise Chews
00:25:39 DEA Likely to Reschedule Cannabis
00:29:34 Section 811 of the CSA
00:38:00 Name that Strain
00:48:45 Snoop Dogg Giving up “smoke”
00:57:32 Top international cannabis country 2024
