Global

McConnell wants to modernize hemp regulations

McConnell wants to modernize hemp regulations

"But one thing I know for certain is, due to the farmer lead research here in Kentucky we are the best positioned state in the nation to capture the economic impact of industrial hemp if and when it becomes commercialized".

McConnell plans to introduce the bill in the Senate following the state work period. Sen.

The Hemp Industries Association (HIA) reported that in 2015, retail sales for hemp products reached $600 million, which is much lower than the $5.4 billion for marijuana sales in 2015 as reported by Arcview.

Sen. McConnell says his bill would remove hemp from the controlled substances list altogether. McConnell said in the release.

During his speech to Commerce Lexington, McConnell spoke in length about the need to legalize hemp, saying the crop could have a bigger impact on Kentucky's agricultural sector than tobacco once did. Monday, Leader McConnell appeared with Kentucky Ag Commissioner Ryan Quarles to announce he will file the "Hemp Farm Act of 2018". McConnell has helped create new federal and state legal permissions for hemp, along with him involvement in the Agricultural Act of 2014, CNN's report states.

Congress has blocked the DEA from interfering with state agencies and hemp growers with regards to hemp.

More news: Who is the Egyptian man killed by Houthi missile on Saudi Arabia

So far, 34 states have authorized hemp research and 19 have production programs, Bruce Schreinerreports for The Associated Press.

Senate Majority Leader Mitch McConnell doesn't want hemp on the controlled substance list.

Hemp, unlike marijuana, contains a negligible amount of THC, the compound that gets you high.

Hemp can be used to make food, clothing and cannabidiol, a therapeutic oil derived from the plant. The 2014 federal Farm Bill loosened restrictions and allowed for states to designate research and development projects for hemp, which many states have started. Ron Wyden of OR, the second largest hemp producer; U.S. Rep. James Comer, R-Ky., is sponsoring a companion House bill, reports WKYT-TV of Lexington.

"We're going to give it everything we've got to pull it off", he said.

"I think we've worked our way through the education process of making sure everybody understands this is really a different plant", the Republican said. The Trump administration has taken a tougher stance on marijuana. He said the measure would allow states to have primary regulatory oversight of hemp production if they submit plans to federal agriculture officials outlining how they would monitor production.