For decades, the lack of a commercial hemp industry has made the United States an outlier among most of the world’s developed countries. That may soon change, and some states in the Midwest have already been pursuing policies to ensure their farmers can make the most of this new market opportunity.
“Hemp could be a valuable crop,” North Dakota Rep. Dennis Johnson says, “but we need processors and market diversity and reliable regulations. “The 2018 farm bill goes a long way toward doing this.”
Enacted at the end of last year, the new law legalizes industrial hemp (it must have a THC concentration level of below 0.3 percent), allowing for market-scale cultivation and the interstate sale of products. In another important change for producers, the new farm bill allows hemp to be included in federal crop insurance.