Last week the House of Representatives, passed the Farm Bill 369 votes to 47, the Senate approved the same bill 87 to 13. On december 20th president Trump signed the measure into law, making hemp legal for the first time in decades.
Billion Dollars Industry
This means that hemp was removed from the federal list of controlled substances which makes it legal throughout the country, allowing farmers to grow it as any other agriculture commodity like corn and soybeans.
According to congressional research, the hemp market consists of over 25,000 various products ranging from textiles to food products. Despite its cultivation being illegal, the United States imports roughly half a billion dollars in hemp each year from other countries.