The majority leader of the United States Senate is a big advocate of industrial hemp along with marijuana stock investors.
A republican from Kentucky Mitch McConnell, has great aspirations about the economic advantages that cannabis can provide for his home state that he added a provision in a major agriculture bill that is currently been taken into consideration by the Senate that would secure the safety of hemp farmers from federal interference. This would also provide comfort for marijuana investors.
The language in the FY2016 Agriculture Appropriations Bill would prohibit federal officials from using funds to impede the “transportation, processing, sale, or use of industrial hemp…within or outside the State in which the industrial hemp is grown or cultivated.”
Kentucky and 12 other states have rules and regulations allowing the use of industrial hemp, yet federal law still deems the plant as a Schedule 1 controlled substance indistinct from its psychoactive relative marijuana.
“Kentucky’s industrial hemp pilot programs continue to prosper and I want to make sure our legal hemp producers can safely transport their crops between states, including to States that maintain processing facilities, so they can fully capitalize on the commercial potential for this commodity,” McConnell said in a press release.
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