National Hemp Association Asks Congress To Budget $1 Billion To Support Industry Innovation

MJ moment

A national hemp trade organization is asking U.S. House of Representatives leadership to attach $1 billion in funding to budget reconciliation legislation to support industry innovation and research on the crop. The National Hemp Association (NHA), which says it represents 90 percent of state hemp permit holders across the U.S., recently wrote a letter to top lawmakers with a proposed amendment that is meant to boost the industry as it works to find its footing after the plant was legalized under the 2018 Farm Bill. The money, if allocated, will allow federal officials “to empower hemp farmers, processors, and related businesses to compete globally, sequester unprecedented amounts of carbon, remediate contaminated soil and water, provide funding and jobs to traditionally disadvantaged members of the farming community, and much more,” the organization wrote to lawmakers. This would be a good way for government to invest in infrastructure, mitigate climate change and create good paying jobs! — National Hemp Assoc. (@NatHempAssoc) September 8, 2021 “History confirms that the world looks to America to lead change, be it industrial, cultural or environmental,” Geoff Whaling, chair of NHA, said in a press release. “This is more true today than ever before, as we look to combat the global climate crisis affecting humankind.” “We know American ingenuity will drive many of these solutions and can do so with plant-based technologies,” he added. “Hemp, America’s newest commodity crop, will be at the forefront of this regenerative economic and social shift; helping create jobs, clean our soil and air, and introduce sustainable new products once only dreamed about.” Here are the main components of the proposed $1 billion hemp request:  -$100 million each for four “regional super sites” of hemp production in Oregon, Michigan, New York and Florida. -$120 million for farms qualifying as “historically underserved.”…

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Source : National Hemp Association Asks Congress To Budget Billion To Support Industry Innovation

reposted by Cannabis News World

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