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An Assessment Of Economic Considerations For Industrial Hemp Production, Luke T. Lane
An Assessment Of Economic Considerations For Industrial Hemp Production, Luke T. Lane
Agricultural Economics and Agribusiness Undergraduate Honors Theses
The Farm Bill now allows for the legal production and research of industrial hemp as long as it meets the standards outlined in the Farm Bill. The bill passed by the House of Representatives states, “To amend the Controlled Substances Act to exclude industrial hemp from the definition of marihuana, and for other purposes” (House of Representatives, Bill 525). Prior to the passing of this bill, farmers were not allowed to produce industrial hemp. Industrial hemp is defined as, “the plant Cannabis sativa L. and any part of such plant, whether growing or not, with a delta-9 tetrahydrocannabinol concentration of …