Hemp Production and the 2018 Farm Bill
The 2018 Farm Bill included a provision to remove hemp (defined as cannabis with less than 0.3% THC) from the Schedule 1 controlled substances and making it an ordinary agricultural commodity. This act also would help farmers with agricultural grants, water rights, crop insurance, and an accessible banking system.
To get started, read the following:
Hemp Production and the 2018 Farm Bill
https://www(dot)fda(dot)gov/news-events/congressional-testimony/hemp-production-and-2018-farm-bill-07252019
Hemp Production Rules and Regulations
https://www(dot)ams(dot)usda(dot)gov/rules-regulations/hemp
CBD vs. THC - What is the Difference?
https://www(dot)medicalmarijuanainc(dot)com/cbd-vs-thc/
Next, watch the following video:
https://www(dot)youtube(dot)com/watch?v=LW7GEWQQAWw
Your recent work for your stakeholders has been appreciated. One of the stakeholders was so impressed with your work that they introduced you to the CEO of CannaBuy Co. (CBC), a vertically integrated adult use cannabis business in your area. The CEO has been having a difficult time comprehending the 2018 Farm Bill and has offered you a short contract to help decipher it.
Write a short paper that covers the following:
Briefly review the compounds found in legal Hemp.
*How are these different from recreational cannabis? Are the plants different or just the cannabinoid content? What are the legal limits? What happens if your crop tests over the legal limits?
*What would be the consequences to public safety if a non-compliant product went into the legal hemp supply-chain?
*How do the proposed benefit claims of different cannabinoids found in cannabis help or hurt the industry? What are the benefits and risks?
Do not get bogged down in the details of the Farm Bill but rather spend most of your effort exploring the implications of the bill.
Limit your submission to 2- 4 pages and use the APA citation style for references.
Implications of the Farm Bill
Student Name
Institutional Affiliation
Date
Implications of the Farm Bill
The 2018 Farm was a major milestone for the hemp industry. Before the enactment of the bill, hemp was classified as a Schedule 1 controlled substance. The bill redefined hemp as an ordinary agricultural commodity, paving the way for hemp farmers to access benefits like water rights, insurance, and agricultural rights. This paper is critical to understand the difference between legal hemp and recreational cannabis, and the implications of non-compliant and cannabinoid benefits for the stakeholders in CannaBuy Co.
The compounds in legal hemp cannabinoids, terpenes, flavonoids, and other beneficial substances. The main difference between legal hemp and recreational cannabis is the level of tetrahydrocannabinol (THC)CITATION Med23 \l 1033 (Medical Marijuana Inc., 2023). For hemp to comply with legal limits, it needs to contain less than 0.3% THC. For recreational cannabis typically higher levels of HTC, hence the ability to cause psychoactive effects on consumers. The legal limits of HTC content differentiate between a hemp plant and recreational cannabis. While the plants may look similar, when the crop tests beyond the legal HTC limit, then it is no longer classified as hemp and may need to be classified as cannabis. In the case, legal cases arise, such a crop may not enjoy the benefits provided by the 2018 Farm Bill.
In the case a non-compliant product went into the legal hemp supply chain, this would pose a risk to public health. Such a product may be mistaken as legal hemp and be considered suitable for individuals seeking low THC content. As a result, when people consume such a product, they may experience unwanted psychoactiv...