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This program was recorded on February 25th, 2019
The Agriculture Improvement Act of 2018 (2018 Farm Bill) is considered a historic step forward for the cannabis industry. Among other things, it defines hemp, removes hemp from the list of drugs in Schedule I under the Controlled Substance Act (CSA) and makes hemp legal to possess, cultivate, process, sell, and transport on the federal level. However, the 2018 Farm Bill does not simply “ legalize” hemp and it's derivatives but provides an outline of regulations hemp entrepreneurs have to comply with at the federal level. This CLE explores Cannabis, what the 2018 Farm Bill did and did not accomplish regarding hemp and hemp-derivatives, other federal and state laws that come into play, and how the burgeoning cannabis industry has and will continue to shift as a result of the Farm Bill’s passage.