In an 87-to-13 vote, the Senate approved legislation that allocates billions of dollars in subsidies to American farmers, legalizes hemp, bolsters farmers markets and rejects stricter limits on food stamps pushed by House Republicans.
Legalizes hemp. The farm bill also legalizes the production of hemp, a form of cannabis with lower THC levels than marijuana. Analysts told CNBC that hemp could grow into a $20 billion industry by 2022.
— Erica Werner contributed to this report.
Trump Threatens Government Shutdown, Raising Concern For Legal Marijuana Industry.
It lawmakers don’t pass, or President Trump doesn’t sign, either a full-year or temporary extension of funding by then, the medical cannabis rider will expire, but federal drug enforcement capabilities will not. And that would leave medical marijuana patients and the businesses that serve them in a dicey position.