Trump officially legalizes industrial hemp

President TrumpDonald TrumpPoll: 73 percent of Democratic voters would consider voting for Biden in the 2024 primary Biden flexes presidential muscle on campaign trail with Virginia's McAuliffe Has Trump beaten the system? MORE legalized the cultivation of industrial hemp Thursday when he signed a widespread, bipartisan farm bill aimed at boosting the agriculture industry. 

The fiber of hemp, a non-intoxicating derivative of the cannabis plant, is used to make a variety of products, such as cardboard, carpets, clothes, paper and more. 

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Hemp production and sales have historically been illegal under the same federal prohibition against marijuana. The farm bill only deals with industrial hemp and does not address recreational or medical marijuana.

Senate Majority Leader Mitch McConnellAddison (Mitch) Mitchell McConnellHas Trump beaten the system? Yellen to Congress: Raise the debt ceiling or risk 'irreparable harm' The Hill's 12:30 Report - Presented by Goldman Sachs - Tokyo Olympics kick off with 2020-style opening ceremony MORE (R-Ky.) worked with Sens. Rand PaulRandal (Rand) Howard PaulGOP Rep. Cawthorn says he wants to 'prosecute' Fauci Writer: Fauci, Paul clash shouldn't distract from probe into COVID-19 origins S.E. Cupp: 'The politicization of science and health safety has inarguably cost lives' MORE (R-Ky.), Jeff MerkleyJeff MerkleyBipartisan congressional commission urges IOC to postpone, relocate Beijing Games Lawmakers urge Biden to make 'bold decisions' in nuclear review This week: Senate faces infrastructure squeeze MORE (D-Ore.) and Ron WydenRonald (Ron) Lee WydenGOP, business groups snipe at Biden restaurant remarks On The Money: Senate braces for nasty debt ceiling fight | Democrats pushing for changes to bipartisan deal | Housing prices hit new high in June Top Democrat presses IRS for improvements to web tool on child tax credit MORE (D-Ore.) to introduce a bill to legalize hemp, which was ultimately included in the farm bill. 

"I used my very own hemp pen to sign the conference report, clearing the way for the House and Senate to pass legislation and send it to the president's desk. I'm proud that the bill includes my provision to legalize the production of industrial hemp. It's a victory for farmers and consumers throughout our country," McConnell said when the Senate advanced the farm bill earlier this month. 

The farm bill helps removes obstacles farmers face in growing hemp, including restricted access to banking, water rights and crop insurance. Hemp is easier to grow than cotton, corn or soybeans as it requires little water and can be viable in lower-quality soil that is not practical for other crops. 

The hemp provision is just one of several aspects of the farm bill meant to aid farmers as exports of agricultural products such as soybeans take a hit as Trump engages in a bitter trade war with China and other countries.