[Farm Bill] What H emp Stakeholders W ant in 2023’s Re placement

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With the 2018 Farm Bill set to expire this year, CBT reached out to hemp industry stakeholders to discuss what reforms they are advocating for in the 2023 Farm Bill to address pain points and benefit the hemp industry. What They're Saying >>

This year marks five years since the Agriculture Improvement Act of 2018, commonly referred to as the 2018 Farm Bill, federally legalized hemp.

The legislation expires every five years, meaning that a new Farm Bill is on the horizon in 2023.

Cannabis Business Times Associate Editor Andriana Ruscitto recently caught up with hemp industry stakeholders to see what policy reforms they are advocating for in the 2023 Farm Bill to address pain points and benefit the industry as a whole. From increasing hemp’s THC limit from 0.3% to 1% to providing clarity on hemp-derived cannabinoids like delta-8 THC, read more about what industry stakeholders want to see here.

In the meantime, while Congress works on proposing, debating and ultimately approving the 2023 Farm Bill, officials with the U.S. Food and Drug Administration (FDA) told The Wall Street Journalin December that the agency plans to review CBD product regulations in the coming months. Following that news, industry stakeholders told CBTthat FDA regulation of the industry is a complicated issue and may require additional legislation from Congress, such as the upcoming Farm Bill.

“Potentially, the Farm Bill could be a vehicle to give [the FDA] that additional authority,” U.S. Hemp Roundtable President Jonathan Miller said. “But regardless, we view 2023 as really the big opportunity. And we’re quite optimistic something’s going to happen this year.”

What is your business hoping to see included—or not included—in the 2023 Farm Bill?

- Melissa Schiller, Senior Digital Editor

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About CBT:
Cannabis Business Times is the most trusted source of actionable intelligence for plant-touching cannabis businesses throughout North America and is producer of the industry-leading Cannabis Conference.