The recent amendments to the farm bill are still at the draft stage. First drafts always appear draconian as feelers go out gauging sentiment etc. There will be several drafts before its passed.
Currently, hemp is still tethered to marijuana because of the current definitions.
Hemp needs its own definitions and marijuana needs rescheduling within the controlled substances act.
Hence the several drafts.
Definitions and regulations are on going as it takes time to rake rocks off a road, especially one neglected for 100 years.
Legalising is not regulating. Companies that need fibre are reticent to secure supply because of current uncertainty, stigma etc.
Favourable changes to definitions will open doors in every direction.
You seem focussed on the hemp industry getting wiped out. 95% of it probably will.
You are forgetting the 5% that wont get wiped out.
This is where genetics will reign. The Goldilocks moment.
And what company is pin pointed right in the middle of the 5%.
Right from the start, getting it right. Crossing tees, dotting eyes.
Sure lockdowns disabled timing for many, forcing sensible delays
Companies ready to launch in an Olympic year with the eyes of the world wide open.
Held back by covid. No-one spending, no buzz, no anything.
You don’t just hit the road the next year when everyone is still holed up. No, you wait. Timing is everything in marketing .
No, you wait for the next Olympic year when back they come, the eyes of the world.
So while all the THC brigade have been cooking up their fake THC,
The 5%ers have been researching diseases, submitting patents, developing products, innovating, producing, making, building.
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