As he Trump Administration contemplates 12 billion dollars in agricultural subsidies to farmers, it might be a better idea to legalize and encourage production of highly profitable hemp instead of other, less profitable crops. Hemp does not contain psychoactive THC but does contain medically useful CBD, which has demonstrated great potential as a legitimate pharmaceutical. Hemp also has a wide array of industrial uses. Congress is currently considering legislation to remove hemp from the controlled substance list and make hemp farmers eligible for US government grants and for crop insurance.
Key Takeaways:
- Congress is considering a bill to legalize cultivation of hemp and make hemp farmers eligible for grants and crop insurance.
- Hemp contains no psychoactive THC but is rich in CBD, which has many legitimate medical applications, especially for seizures.
- Hemp also has a lot of industrial uses as well, as it’s very strong fibers can be used in many different products.
“President Donald Trump recently announced that a multi-billion dollar financial aid plan for farmers would soon be coming down the pike.”
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