On May 18th, 2018 the $867 billion farm bill failed in the House of Representatives with a vote of 198 yea to 213 nay. All Democrats and 30 Republicans voted against the measure.
The bill “largely continues current farm and nutrition policy”, and does not include new requirements for SNAP (food stamps) recipients. Incorporating some of the text of the Hemp Farming Act of 2018, the farm bill descheduled some cannabis products from the Controlled Substances Act for the first time. One estimate put the U.S. CBD market at $2.3 billion to $23 billion by the 2020s, enabled by the 2018 farm bill. U.S. Senator Mitch McConnell was such a proponent of the hemp provision that American Military News reported that McConnell coined the hashtag #HempFarmBill
Additional revenue to farmers and processors is expected from textiles and other hemp products. The Dog and Cat Meat Trade Prohibition Act of 2018 was passed as part of the bill.