Mitch McConnell will face the electorate in 2020. Kentucky has announced 1000+ farmers have been given licenses to grow hemp. That might help Mitch in his primary in 2020 since he's closely identified with getting the approval for hemp. But the farmers are planning to grow 42,000 acres of hemp, which strikes me as possibly threatening a hemp surplus. (To compare, KY may have about 4,000 tobacco farmers and something under 100,000 acres of tobacco.)
(I don't know, but I don't think anyone else does either. We don't know how big the demand will be, how well the farmers will do in growing hemp, how good the processing facilities will be. The Rural Blog post I link to mentions CBD oil. I had the impression that CBD oil came from marijuana, not hemp. I found this assertion though: ">BD is one of 60 chemicals known as cannabinoids that are specific to cannabis plants. The CBD that we use in our CBD hemp oil tinctures is made from industrial hemp, a non-psychoactive derivative of cannabis that contains insignificant traces of THC. Industrial hemp products are legal nationwide and contain less than 0.3% THC.")
So I wonder how long it will be before hemp farmers find the need for and the political clout to get price support loans incorporated in farm legislation?
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