On Friday, Senate Minority Leader Chuck Schumer sent a letter to the U.S. Department of Agriculture (USDA) asking the agency to delay issuing final regulations for hemp until 2022. He cited shareholder concerns and the challenges of state compliance that occurred due to the pandemic. Also, the top Democrat in the Senate said hemp farmers should be able to continue to operate under a regulatory pilot program established by the 2014 Farm Bill and the USDA has since approved numerous states, territory, and tribal plans last week. However, industry representatives, as well as lawmakers, have made the case that proposals could hinder the expanding cannabis market.
– Kyle Jaeger, Marijuana Moment, 08/10/2020 9:07:30 AM