MJ moment

The U.S. Department of Agriculture (USDA) has awarded a national hemp advocacy group $200,000 as part of a program meant to promote international trade policies that support the industry. The National Industrial Hemp Council (NIHC) will use the the USDA Market Access Program grant funds for the 2021 fiscal year to help develop marketing projects overseas, facilitate trade meetings with foreign partners and promote U.S. hemp products as the market expands. While the grant serves a practical function, it’s also a symbolic development that demonstrate’s the federal government’s commitment to the burgeoning cannabis industry since the crop was legalized under the 2018 Farm Bill. “We are grateful for USDA confidence and the recognition of NIHC as the industry leader in industrial hemp trade and marketing,” Kevin Latner, senior vice president for trade and marketing at NIHC, said in a press release on Friday. He added that the announcement “makes NIHC a trusted partner to USDA for hemp fiber, feed, food and CBD companies looking to break down trade barriers in markets overseas.” Latner, who was appointed to a federal advisory committee on trade issues for USDA in July, told Marijuana Moment that “market access barriers that industries face fit into a couple of different categories, and in that way, the hemp industry isn’t unique—but in another way, the fact that it is a new industry means that there are a lot of questions that come up because there hasn’t been a lot of trade.” “This is going to allow us to address questions of how do we export to countries that have maybe different threshold levels for THC? How do we test for THC? What are going to be the standards so that when products come in that have been recognized as approved in the United States that they are…

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Source : USDA Awards Hemp Advocacy Group 0,000 To Support International Trade

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