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Trump's New Order Boosts Hemp Industry Amid Ongoing Lobbying Efforts

KTSM••Nathaniel Weixel
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President Trump has issued an order aimed at accelerating the rescheduling of marijuana and initiating Medicare coverage for CBD products, providing crucial support to the hemp industry. This move comes as the industry faces challenges following a recent government funding bill that sought to close loopholes affecting hemp-derived products. The decision is expected to strengthen lobbying efforts in the upcoming year, highlighting the ongoing importance of hemp in the agricultural and medicinal sectors. Stakeholders in the hemp industry should prepare for potential changes and opportunities as these developments unfold.

Key Details: • President Trump's order aims to reschedule marijuana and cover CBD under Medicare. • The hemp industry has faced difficulties since November due to new regulations. • Lobbying efforts are expected to intensify in the coming year.

marijuana agriculture hemp lobbying cbd

People & Organizations

Donald Trump

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