U.S. Hemp Roundtable Backs Bipartisan Hemp Planting Predictability Act to Support Farmers
The U.S. Hemp Roundtable has officially welcomed the introduction of the Hemp Planting Predictability Act (H.R. 7024), a bipartisan effort designed to support and stabilize the burgeoning hemp industry across the nation. This legislation not only extends the current moratorium on the federal definition of hemp for an additional two years but also provides essential time for lawmakers, regulators, and industry stakeholders to collaborate on a cohesive regulatory framework.
Introduced by Representative Jim Baird (R-IN) with bipartisan backing, the Hemp Planting Predictability Act addresses the pressing concerns of hemp farmers who are at a critical juncture when it comes to planting decisions for the upcoming season. The act delays legislative changes that could disrupt the current farming practices and supply chains, ensuring that hemp producers receive the necessary guidance and stability.
The two-year extension, now running through November 2028, is a pivotal move to foster a responsible regulatory structure that prioritizes public safety while stimulating the $28.4 billion hemp market. With over 328,000 jobs and $13.2 billion in wages tied to this industry, the act serves as a lifeline for countless family-owned farms, manufacturers, and retailers who rely on hemp as a cornerstone of their businesses.
Jonathan Miller, General Counsel of the U.S. Hemp Roundtable, expressed his appreciation for Congress’s recognition of the importance of giving stakeholders more time for careful consideration regarding hemp regulations. The act is a significant step that allows for more thoughtful policymaking, allowing farmers to plan ahead with greater assurance in their operations.
Concerns have been raised by members of the hemp community about abrupt policy changes that could jeopardize existing supply chains, adversely affect crops already in the ground, and force farmers into precarious decision-making without clear regulatory guidance. This act mitigates that uncertainty by extending a regulatory framework supportive of constructive dialogue focused on science and responsible oversight.
The ultimate objective of the U.S. Hemp Roundtable remains clear: to establish a balanced regulatory approach that not only protects consumers but also empowers law enforcement and sustains the livelihoods of those operating under the legal framework of hemp production. Miller reiterated the potential for hemp to grow as a well-regulated agricultural product, emphasizing its beneficial contributions to rural economies while catering responsibly to consumers.
For those seeking further insights into the U.S. Hemp Roundtable's advocacy for fair, science-aligned hemp policies, a wealth of information can be found at hempsupporter.com. As the hemp industry continues to expand, this cooperative effort among various stakeholders, led by informed legislation like H.R. 7024, will be crucial in shaping a sustainable and prosperous future for hemp farming in America.