July 1st will be here, in a flash and you will have the opportunity to use and share the newest form of and old, old remedy. CBD. Now, a Florida Law Requires Certificates of Analysis. Are You HempSMART? We Are.
With Less than 2 days until July 1st, when Florida becomes a haven for hemp lovers. The unknown economic impact of this crop will bewilder even the skeptical. The numbers do not lie. The time it takes to rehabilitate the Timber Industry that was devastated by past hurricane events is 40 years. The restoration of the land and proper implementation of a crop, such as hemp, 4 months. The return on investment is considered risky, due to uncertainty of the banking industry, the market strategists who don’t do CBD.
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Massachusetts House has passed a bill that will help the state’s hemp industry grow and farmers cultivate on agricultural land.
The bill, which would allow farmers with agricultural deed restrictions on their land to grow hemp, passed in a vote 152-0. This bill, if signed into law, is a monumental step forward for the state because currently there are two laws that restrict farmers from growing the crop. This bill would ultimately expand the definition of agricultural land to include hemp so farmers can receive the tax and protection benefits as other farmers. The House expects this new bill to be a boost for farmers, jobs and the economy in the state of Massachusetts.
While hemp has been legal to cultivate since 2016 in Massachusetts, this bill would provide equal footing in the new economy, according to Rep. William “Smitty” Pignatelli
Not too long ago, the only thing House Speaker Robert DeLeo knew about hemp was that as a kid growing up on the North Shore he and his friends used it to make bracelets.
Times have changed, and so have Massachusetts laws.
“I just discovered they’re now making clothing out of it,” the speaker said Wednesday, thanking Cambridge Rep. David Rogers, who he called “the hemp guy,” for bringing concerns about hemp cultivation restrictions to his attention.
The growing of hemp was legalized along with marijuana in 2016, but farmers that want to grow the industrial-use cannabis plant still can’t cultivate the crop if their land falls under an agricultural use restriction. The House voted to rectify that on Wednesday, passing legislation on a vote of 152-0 that would allow farmers with agricultural deed restrictions on their land to grow hemp. It would also qualify hemp farmers for the property tax breaks enjoyed by growers of other crops.
Rogers, the House chair of the Committee on Cannabis Policy, said the bill would be a boon for many farmers in rural parts of the state that own 73,000 acres currently under agricultural restrictions.
The state’s agricultural preservation restriction program pays farmers the difference between the fair market value of the land and the lower agricultural use value in exchange for a deed restriction on the land.
“It should be a big boost to farmers, to jobs, to the economy,” said Rogers, a Cambridge Democrat.
While hemp cultivation became legal in Massachusetts in 2016, the federal government in 2018 passed a farm bill signed by President Donald Trump that legalized hemp nationwide, removing it from the federal government’s list of controlled substances.
According to the National Conference of State Legislatures, 41 states have enacted legislation to establish industrial hemp cultivation and production programs creating a market for hemp and hemp products that extend beyond state borders.
“We should be doing everything we can to make sure farmers can take advantage of this emerging market,” Rogers said.
Rep. William “Smitty” Pignatelli, a Lenox Democrat and the sponsor of the hemp farming bill (H 3535), said that prior to passage of the federal Marijuana Tax Act of 1937, the plant was a major crop used in rope, paper and even the upholstery of Henry Ford’s Model T.
Then in 1970 under the federal Controlled Substances Act, the cannabis plant was listed as a schedule I drug putting severe restrictions on the cultivation of hemp, which comes from a different variety of the plant that produces the high-inducing chemical found in marijuana flowers.
“This bill will provide our local farmer equal footing in the new economy,” Pignatelli said.
DeLeo said the legislation was particularly popular among rural legislators, but Rogers said other parts of the state with facilities capable of manufacturing hemp products could also benefit.
“It can also mean jobs that aren’t in rural areas of the state,” Rogers said.
DeLeo, 69, said hemp has come a long way since he grew up, joking when asked if he used any hemp products that the only thing he remembers about the plant is weaving bracelets.
“I’m probably the wrong person to ask,” DeLeo said.
First Hemp Home Built Using Hemp Processed Products including HempCrete. 2018
Hemp A variety of products made from hemp — hemp seed, protein, clothing and other items made from hemp fiber — are approved for sale in Massachusetts, while others are still restricted.
Under Department of Agricultural Resources and Department of Public Health guidance, the sale of any product containing CBD oils derived from hemp — which are said to have therapeutic benefits – is prohibited.
Rogers said he intended to look closely at the DAR and DPH guidelines, and did not foreclosure the possibility that he would recommend further action to open up the market for additional hemp products.
“There’s a possibility in the future that the House will address, if need be, the new restrictions on CBD oil,” he said.
Thank you for your consideration of My New Company “Inspirational Technologies” as we are all about you, your family and dear friends’, being inspired by new possibilities and your opportunities. Thank you, 🙏
After Florida Governor, Ron DeSantis signed “Florida Hemp Bill” yesterday, into Law, with it going into effect July 1st, just around the corner, Steven Smith, Owner of Inspirational Technologies was extremely happy. He said in a statement, “We are a Growing, Green, Company. With many Stories out there, “Inspirational Technologies” has rapidly become a recognized research and development company via over 100 Bloggs over the past few months covering the ‘World of Hemp and The East Coast CBD Unknown Epidemic”. Inspirational Technologies founder, Steven Smith said on Monday, “We are poised at the precipice of a new plant, from the past. A new look at the way we farm it, figure out how to best source it out, to be our new freedom in Research, Farming Techniques, Extraction Execution, 3rd Party Testing of CBD Products, Hemp Plant Products from paper to propulsion. There will be a Product Leader in the CBD World. It won’t come from Canada, it won’t come from no name, no label, hemp oil. HempSMART is global, it has a reputation and as a Subsidiary of a publicly traded US stock exchange (MCOA) it, as We, are held to a Higher Standard. We will endeavor to keep our members and future viewers enlightened as best we can. Thank you, for your support.” Steven Smith June 21, 2019
The following is from an article, and subject to review.
The era of marijuana prohibition is slowly coming to an end. For generations, millions of Americans have spent years behind bars because of strict laws that are being lifted across America. Eleven states have legalized recreational marijuana use for adults over the age of 21 and 33 states have legalized cannabis for medical use. That number will only continue to grow as every state that legalizes marijuana sees an immediate positive impact on the economy, not to mention the potential health benefits for patients suffering from chronic medical conditions.
The cannabis industry in America is EXPLODING and that means there are some VERY lucrative potential investment opportunities out there. There was $3.4 billion in legalized marijuana sales in 2014 and it’s gone up exponentially since then with forecasts making this a *MUST WATCH* for any serious investor.
The thought of a plant called Hemp, from the Cannabis family, is now completely legal, again and that my anxiety, athletic injuries, and sleep disorders can be dramatically benefited by this, once pervasive plant, are going to make an absolute fortune for those who understand all about.hempSMART.comA 350-page report on marijuana growth projections from Wall Street was just released and it is truly an eye-opener. This industry is offering returns you won’t find elsewhere. The “State of the Legal Cannabis Markets” report was released last week and its findings are making headlines all over.2015: $4.8 billion
2016: $6.7 billion
2017: $9.1 billion
2018: $10.9 billion
2019: $14.9 billion
2020: $19.3 billion
2021: $24.4 billion
2022: $30.7 billion
2023: $36.2 billion
2024: $40.6 billionFor those of you keeping score at home, this works out to a compound annual growth rate of 28.2% over a decade and 24.5% over the six-year period between the end of 2018 and the end of 2024. If you have any trepidation about getting involved as an active investor in the marijuana industry, here’s a chart from Yahoo! Finance that shows the 2018-2024 side-by-side projections from Wall Street.
Gov. Ron DeSantis closed out Tuesday signing legislation authorizing a state hemp program.
SB 1020, which creates an industrial hemp program under the auspices of the Department of Agriculture, cleared the Senate and House by unanimous votes this Session.
The bill, sponsored by Senate Appropriations Chairman Rob Bradley, would allow the Department to administer regulations regarding licensing and bcultivation of hemp, the THC-deficient cousin of marijuana.
The 2018 federal Farm Bill allows states to establish hemp programs such as the one contemplated in current legislation, as the federal rulemaking process could take years. Agriculture Commissioner Nikki Fried believes hemp could be the boost the state’s farm sector and rural areas need.
“Tonight’s hemp bill signing marks a transformation in Florida, and a critical step on the journey to creating a green industrial revolution, strengthening agriculture with an alternative crop of the future, and expanding access to safe, quality CBD products,” she said in a statement.
In February, Fried appointed Holly Bell as Florida’s first Director of Cannabis to oversee the department’s hemp program.
“For months, our Department has been developing rules and gathering public input, and we’re hitting the ground running to build a state hemp program that will be a model for the country. Florida has the potential to become the gold standard on hemp — our deep agricultural heritage, climate and resources, and farming infrastructure will make Florida a national leader in this emerging new economy.
“Congratulations to Sen. Bradley and Rep. Ralph Massullo (the House sponsor) for their hard work, diligence, and collaboration, and to the Legislature to helping move this across the finish line. Together, we will keep Florida growing.”
In addition to industry regulations, the bill also establishes a structure to ensure the purity and compliance of cultivated product for the protection of consumers.
Eyeing a “potentially lucrative future,” one “game changing” for the agricultural community, Bradley lauded this program as giving Florida a “head start against the rest of the country.”
“Put that effort on steroids,” Bradley urged on the Senate floor. “Give farmers an opportunity to reinvent efforts.”
A hemp bill “may be one of the most significant things we do this session,” Bradley added, allowing Florida “to become a hemp state.”
Indeed, with unanimous bipartisan support, the Sunshine State is on its way to becoming the hempen peninsula. The hemp legislation gives Fried more legal standing during her promised “crackdown” on hemp products outside the system.
Fried expects that crops will be planted this year. And not a moment too soon for a multi billion dollar industry!
Governor DeSantis remains against the Legalization of Recreational use of Marijuana and believes current legislation will benefit Our State.