420 with CNW – Congressman Introduces Bill to Promote Hemp Industry

September 4, 2020 15:25:08
Almost two years after Congress legalized industrial hemp and allowed farmers across the country to start growing the crop under state and tribal programs, an outgoing congressman has filed a bill that would create a variety of programs that would help new entrants into the industry grow their businesses. Dubbed the ‘Hemp Opportunity Zone Act’ the bill was filed by Rep. Denver Riggleman. One of its main objectives is the creation of “opportunity zones,” areas where farmers who cultivate hemp will be eligible for tax benefits. These are census-designated low-income areas that are considered economically distressed, with the governor making the designation and the Treasury deciding whether or not to certify it. The Hemp Opportunity Zone Act will promote investments in areas… Read More >> About CNW420 CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis. To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only) For more information please visit https://www.CNW420.com Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer Do you have questions or are you interested in working with CNW420? Ask our Editor CannabisNewsWire420 Denver, Colorado http://www.CNW420.com 303.498.7722 Office Editor@CannabisNewsWire.com CNW420 is part of the InvestorBrandNetwork.