WASHINGTON – National Industrial Hemp Council Board Chairman Patrick Atagi released the following statement after the House Appropriations Committee approved a FY 2021 Agricultural Appropriations bill that includes an increase in FDA funding and $16 million for the United States Department of Agriculture’s (USDA) new hemp production program:
“We’re pleased the House Appropriations Committee is making an investment in this commodity of the future. It’s projected the industrial hemp market will have an economic impact of over $20 billion by 2025, so hemp farmers and the hemp industry across the country can only be strengthened with this down payment to promote hemp production at USDA. We also remain hopeful that increased funding at the FDA will be the cornerstone to much-needed regulatory certainty for CDB products.”
About the National Industrial Hemp Council: The National Industrial Hemp Council provides high-quality networking and resources for its members, from farm to consumer. Its leadership is composed of leading international, federal, state, private industry, and government professionals throughout the sector. The organization is dedicated to furthering market development, assisting members in entering the industry, and educating consumers on industrial hemp and its applications. For more information please go to www.hempindustrial.com.