The 2018 Farm Bill, which legalizes the cultivation of industrial hemp, was signed this week by President Donald Trump. This marks the start of a clean, green agricultural-industrial revolution in America.
For the last ten years, I’ve been CEO of Hemp, Inc., working with local American farmers and entrepreneurs in states where growing hemp is legal (despite the up-until-now federal prohibition). Removing the federal ban on industrial hemp cultivation opens up interstate hemp commerce and bank financing. According to Forbes, China currently dominates the cannabis market by producing 50 percent of the world’s supply. However, the great news is the Farm Bill sets the stage for the U.S. to dominate the industry.