US Hemp Industry Seeks $1 Billion Government Funding

The USA’s National Hemp Association (NHA) and its Standing Committee of Hemp Organizations (SCOHO) has its cap out for a billion-dollar amendment to the pending House Budget Reconciliation measure.

The NHA and organizations comprising SCOHO represent more than 90% of licensed hemp farmers across the USA.

The NHA says the cash it’s chasing is essential for acceleration of hemp fiber and grain production as vital infrastructure is needed to build reliable supply chains after eight decades of prohibition. Planting and growing hemp was prohibited in the USA in 1937 and  officially banned in 1970 under the Controlled Substance Act (CSA) when it was unfairly lumped in with its intoxicating cousin, marijuana.