<P> The Hemp Farming Act of 2018 is a proposed law to remove hemp (defined as cannabis with less than 0.3% THC) from Schedule I controlled substances and making it an ordinary agricultural commodity . </P> <P> In late March 2018, Senate Majority Leader Mitch McConnell announced he would introduce legislation legalizing hemp production in his state, Kentucky, and nationally . McConnell introduced the bill, S. 2667, on the Senate floor on April 12, 2018, co-sponsored by Oregon senators Ron Wyden and Jeff Merkley . McConnell announced that Representative James Comer of Kentucky would introduce a companion bill in the House of Representatives . The companion bill, H.R. 5485, was introduced on April 12, with Colorado Representative Jared Polis co-sponsoring . </P> <P> In addition to removing low - THC cannabis from regulation under the Controlled Substances Act, the 2018 act would avail hemp farmers of water rights and federal agricultural grants, and make the national banking system (in a gray area for cannabis industry) accessible to farmers and others involved; and allow for other benefits of production of a recognized crop such as marketing, agronomy research, and crop insurance . </P>

When does the 2018 farm bill go into effect