The U.S. Senate on Tuesday unanimously and without amendment passed a resolution recognizing the economic potential of industrial hemp. The non-binding measure was passed in recognition of Hemp History Week, according to reporter Tom Angell’s investigation for Forbes.

This is the third year in a row that the U.S. Senate has adopted non-binding resolutions recognizing the value of hemp, though Congress has yet to fully legalize industrial hemp production.

According to the resolution, the global hemp market is estimated to consist of more than 25,000 products. The value of hemp products imported into the U.S. solely for manufacturing is estimated at $76 million. Hemp retail sales in the U.S. are estimated to be over $570 million. The resolution also states that the U.S. is the largest consumer of hemp products in the world and the only major industrialized country that restricts its farming.

Tuesday’s resolution was cosponsored by Sen. Mitch McConnell, who introduced a separate bill this session that would legalize industrial hemp nationwide. The past three years of vocal but non-binding support for industrial hemp from the Senate indicate the bill may have a good chance to pass. Already, nearly a third of the Senate has signed on to cosponsor the bill.

While Sen. McConnell has emerged as a staunch supporter of industrial hemp, he has been clear that he does not support legalizing cannabis.

“Since Kentucky’s earliest days, industrial hemp has played a foundational role in our agricultural history and economy. With our Hemp Farming Act of 2018, I believe that hemp can also be an important part of our future. Removing hemp from the federal list of controlled substances will give our farm communities the opportunity to explore the potential of this versatile crop. I am proud to join with farmers, processors and manufacturers across Kentucky to celebrate Hemp History Week as we work together on the plant’s growing future.” — Sen. Mitch McConnell, in Angell’s Forbes report

Do you own a cannabis industry business? Create a listing in our directory and get discovered by new clients - Click Here
.

Tags: | Categories: Cannabis Politics Industrial Hemp News

Learn about cannabis businesses:

View the directory | Get featured here

  • Gehl Search Partners

    Gehl Search Partners (GSP) finds the best talent available for a wide range of positions. Our specialty is in professional recruitment within highly regulated industries such as cannabis, adult beverage, and FMCG/CPG throughout the US & Canada. Our primary focus is in sales, marketing, strategy and planning, finance, and accounting roles. We collaborate with our clients to identify, attract and onboard accomplished executives in mid level to senior level roles.

  • AD Virtual Services

    We are a full-service Accounting firm licensed in NV that specializes in Cannabis Businesses. We are affordable, experienced, and friendly. Our firm is one of the leading firms in the area. By combining our expertise, experience, and the energy of our staff, each client receives close personal and professional attention. Please call us today, and we'll be happy to offer you a free initial consultation.

  • GRND: Global Recruiting Network Development

    GRND is a global recruiting agency that specializes in executive recruiting. GRND recruits and retains elite professionals that bring leadership, ethics, professionalism, and innovation to the cannabis industry. At GRND, we’ve created a culture of community that stretches across continents. We value our candidates and clients by bringing value to their lives and businesses. When we work together, we grow together. Ready To Grow?

  • New Approach Bookkeeping LLC

    We have been providing financial support since 2013 for Cannabis Growers/Producers, Retailers/Dispensaries, Delivery, Processors, and all those in between. We understand 280e and 263a publications and how it affects the cannabis industry.

  • Evergreen Gateway

    Evergreen Gateway is a cannabis banking and merchant services company. We think differently than conventional credit card processing companies due to our history of handling high-risk accounts. We are experts in the field of alternative payment options, merchant accounts, and banking. Our mission and vision are to provide needed customer support services to the cannabis industry within these areas.

  • Viridian Staffing

    Founded in 2013 and dedicated solely to all sectors of the cannabis industry (Medical, Adult Use, Industrial Hemp and Ancillaries), our highly experienced recruiters have over a decade of experience (each) in human resources, staffing and recruiting for Fortune 500/100 companies across a broad spectrum of closely related industries including: food & beverage, agriculture, consumer packaged goods, software, medical technology and paper/pulp.

  • Precision Extraction Solutions

    Precision® Extraction Solutions is the industry leader in cannabis extraction equipment, training and consulting. Precision® extraction systems are world renowned for quality, safety and precise operation. Costing half of comparable CO2 systems, with nine times more efficient processing, more award winning concentrates are made with Precision® than any other brand.

  • Nutraceutical Facility Solutions, LLC

    Nutra FS is a full-service cannabis facility planning and construction management firm. We create successful plans for various permit applications, including administrative, conditional use, building, health, and fire. Our diverse team will help carry you through to your project realization with services offered for cGMP, feasibility, design/build, workflow efficiency, technical writing for local and state applications. You have a vision. We have a solution.

  • Wise Public Relations, Inc.

    We help our clients win by outsmarting and outmaneuvering the competition rather than outspending them. That’s our specialty. Through a strategic mix of marketing disciplines, all working together to create real momentum that give our clients a critical competitive advantage in the marketplace. MedMen, Cloudponics, Style & Stigma. We take great pride in the work we do and accountability for the opinions we shape. We have fun doing it. And we hope it shows.

  • Proteus 420

    Proteus420 is the only real-time, fully featured business solution that has been created specifically for the Medical Marijuana Industry.Both powerful and secure, we can assist all levels of business from Dispensary to Delivery through our medical marijuana and dispensary software, and provide all the tools you will need to save your business Time and Money!

  • Tax Center & Accounting LLC

    Complete tax and accounting services for your cannabis business. We are a full-service Tax and Accounting firm dedicated to providing the highest quality of service and support to small and medium-sized businesses and individuals.

  • Moriconi Flowers Ltd.

    Moriconi Flowers Ltd. is a law firm dedicated to applying decades of legal expertise to the emerging commercial and medical cannabis and hemp markets in the United States and abroad. Building off of careers in commercial litigation, transactional debt instruments, oil and gas regulation, liquor licensing, insurance coverage, and catastrophic loss, the attorneys at Moriconi Flowers Ltd. routinely navigate regulated markets.

Want a job in the cannabis industry?

Sign up to apply for unlimited jobs and get discovered by companies who are hiring

Post Your Resume View all jobs

Best vacancies

Subscribe for daily cannabis news, announcements, and business insights.

http://techno-centre.niko.ua/

еще по теме biceps-ua.com

читайте здесь