Does the Federal Govt in the US consider Hemp as a product completely separate from Cannabis and as a legitimate business?
Do hemp farms, middle men, and retail from seed to sale get tax breaks and incentives for having a business in the US or do they get the same cash only treatment as the Cannabis industry?
This is all I could find for this exact question, and it keeps referring to the Marijuana business and not Hemp specifically, and it is 4 years old. thetaxadviser.com/…/legal-hemp-deductible-expense…