Associations representing farmers and the food industry say they are happy with a $867 billion farm bill signed by President Donald Trump on Thursday.

The legislation, which received bipartisan support, sets aside billions of dollars in subsidies for farmers. It will also make hemp fully legal in the U.S. for the first time in nearly 80 years.

"The lifting of the federal ban on non-psychoactive hemp is a concrete sign that the ‘reefer madness' which first led to its criminalization is finally coming to an end," Aaron Smith, executive director of the National Cannabis Industry Association, said in a statement. "This Farm Bill is a step in the right direction for comprehensive cannabis policy reform and will help fuel discussions in Congress about the best ways to end federal prohibition and create a regulated national cannabis market."

The farm bill didn't contain the cuts to food stamp program—called SNAP—that some conservative lawmakers wanted, although the Trump administration is proposing adding work requirements through agency rulemaking. Many food industry groups support maintaining the SNAP benefits at their current levels.

"Today, President Trump signed a Farm Bill into law that strengthens the SNAP public-private partnership between the federal government and independent supermarket operators and provides certainty for the various stakeholders within the food supply chain," National Grocers Association CEO Peter Larkin said in a statement. "Independent grocers are the backbone of their community and are essential in the SNAP food delivery system."

U.S. Apple Association CEO Jim Bair said in a statement his group was "extremely pleased" with the final bill.

"This new farm bill is excellent for the U.S. apple industry as it maintains and expands funding for key apple-supported programs," Bair said. "It is a positive step forward for growers as they head into 2019."

Robert Guenther, senior vice president of public policy for the United Fresh Produce Association, called the bill "vital to the ability of the fresh produce industry to ensure Americans have access to nutritious foods."

The legislation even received praise from statisticians. The bill will keep two U.S. Department of Agriculture research arms in the Washington, D.C., region despite a proposal by the Trump administration to move the agencies to other arears of the country.

"The nation's capital and the current organization alignment best position these two agencies to support American food, agriculture and rural communities through research, analysis and statistics," American Statistical Association Executive Director Ron Wasserstein said in a statement.

CEO Dateline will resume on Wednesday, Jan. 2.

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