We have received text from H.R. 7024: Hemp Planting Predictability Act. This bill was received on 2026-01-13, and currently has 4 cosponsors.
Here is a short summary of the bill:
The bill titled the Hemp Planting Predictability Act aims to modify the timeline for implementing certain amendments concerning hemp production laws. Specifically, this legislation proposes to extend the delay of these amendments from one year (365 days) to three years (36 months).
Key Provisions
- The bill seeks to amend the current provisions relating to hemp production in the Agricultural Marketing Act of 1946 as altered by the Agriculture, Rural Development, Food and Drug Administration, and Related Agency Appropriations Act, 2026.
- By extending the timeline for implementation of these amendments, the bill aims to provide producers with more predictability regarding hemp planting and production practices.
Background Context
The changes proposed in this legislation follow modifications made in the 2026 appropriations act that are intended to regulate hemp production more effectively. However, the sponsors of this new bill believe that a longer delay before these regulations take effect will allow stakeholders, including farmers and producers, to adapt to the new rules more successfully.
Potential Impacts
By delaying the implementation of new regulations regarding hemp production, the bill may help mitigate disruptions for farmers and companies involved in the hemp industry, enabling them to plan their operations without immediate changes in laws affecting their practices.
Relevant Companies
- HEXO Corp (HEXO) - As a company involved in the cultivation and sale of hemp products, changes in regulations on hemp production may significantly affect its operational strategies and compliance costs.
- Canopy Growth Corporation (CGC) - This company, which deals in cannabis and hemp products, may experience direct impacts from the regulation changes that affect its production processes and planning.
Representative James R. Baird Bill Proposals
Here are some bills which have recently been proposed by Representative James R. Baird:
- H.R.7024: To amend the Agriculture, Rural Development, Food and Drug Administration, and Related Agency Appropriations Act, 2026, to delay the implementation of amendments made by such Act to the hemp production provisions of the Agricultural Marketing Act of 1946.
- H.R.7010: To amend the Agriculture, Rural Development, Food and Drug Administration, and Related Agency Appropriations Act, 2026, to delay the implementation of amendments made by such Act to the hemp production provisions of the Agricultural Marketing Act of 1946.
- H.R.5221: PART Act
- H.R.3707: NSF and USDA Interagency Research Act
- H.R.3208: No Official Palestine Entry Act of 2025
- H.R.2813: Small Modular Reactor Commercialization Act of 2025
You can track bills proposed by Representative James R. Baird on Quiver Quantitative's politician page for Baird.
Representative James R. Baird Net Worth
Quiver Quantitative estimates that Representative James R. Baird is worth $30.9M, as of January 14th, 2026. This is the 41st highest net worth in Congress, per our live estimates.
Baird has approximately $0 invested in publicly traded assets which Quiver is able to track live.
You can track Representative James R. Baird's net worth on Quiver Quantitative's politician page for Baird.
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
