Yes, The fiber of hemp, a non-intoxicating derivative of the cannabis plant, is used to make a variety of products, such as cardboard, carpets, clothes, paper and more.
Hemp production and sales have historically been illegal under the same federal prohibition against marijuana. The farm bill only deals with industrial hemp and does not address recreational or medical marijuana.
Senate Majority Leader Mitch McConnell (R-Ky.) worked with Sens. Rand Paul (R-Ky.), Jeff Merkley (D-Ore.) and Ron Wyden (D-Ore.) to introduce a bill to legalize hemp, which was ultimately included in the farm bill.
The farm bill helps removes obstacles farmers face in growing hemp, including restricted access to banking, water rights and crop insurance. Hemp is easier to grow than cotton, corn or soybeans as it requires little water and can be viable in lower-quality soil that is not practical for other crops.