TBA Law Blog

Posted by: Katharine Heriges on Dec 21, 2018
President Donald Trump signed Congress’ omnibus Farm Bill into law this week, legalizing hemp at the federal level in a move that will surely bolster Tennessee’s burgeoning hemp and CBD industry, The Tennessean reports. The new law will make it possible to buy crop insurance for hemp, erasing some of the risk for farmers who want to expand into the new market, and allow hemp to be moved across state lines, expanding options for exports and sales. The Farm Bill removes hemp's designation as a controlled substance and reclassifies it as an agricultural product.