Farm Bill 2024 Hemp Update Today. The biggest news from the cannabis industry in 2024 came from ohio and florida, but intoxicating hemp and new marijuana markets were close. House lawmakers adopted an amendment to the 2024 farm bill that would close a thca “loophole” related to seeds and cannabis flower marketed as hemp, the drug enforcement administration.
In the latest draft of the $1.5 trillion farm bill, congress republicans propose spending $50 billion over the next decade to raise price floors for major agricultural products. The midwest hemp council sent its own letter to congress warning of dire consequences for farmers if the definition of hemp is altered in the farm bill.
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