The USDA issued its final rule regulating the production of hemp. The rule—which takes effect March 22—includes licensing and recordkeeping requirements, procedures for testing THC levels, compliance provisions, and more.
January 19, 2021 / By ICBA
The USDA issued its final rule regulating the production of hemp. The rule—which takes effect March 22—includes licensing and recordkeeping requirements, procedures for testing THC levels, compliance provisions, and more.
In an October comment letter, ICBA said hemp production could introduce a significant new market for U.S. farmers and ranchers if the regulatory framework helps producers and lenders with production and marketing while ensuring adequate risk management tools are available.
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