Two members of Congress representing New York recently wrote a letter to the head of the U.S. Department of Agriculture (USDA), asking that the agency extend access to a coronavirus relief program to hemp farmers.
While USDA’s Coronavirus Food Assistance Program (CFAP) is available to various sectors of the agriculture industry, the hemp market was specifically excluded. The department said it’s because, in its analysis, hemp prices did not suffer a five percent or greater decline from January to April.
But Reps. Anthony Brindisi (D-NY) and Sean Maloney (D-NY) responded that “this reasoning ignores the volatile nature of an industry in its adolescence—mature, sophisticated pricing data records, which are easily available for crops such as soybeans or com, are not yet established for industrial hemp.”
Read more at marijuanamoment.net