Use for industrial hemp cultivation— Notwithstanding the Controlled Substances Act (
21 U.S.C. 801 et seq.), chapter 81 of title 41, United States Code, or any other Federal law, an owner of an absolute or conditional or reserved water right, including a federally recognized Tribe, or an entity that receives or distributes water contracted from the Federal Government, may, pursuant to applicable water law, use or sell for use by another person the water subject to the water right or the contract, as applicable, for the cultivation of industrial hemp, regardless of whether the water has passed through a Federal water project, if the growth or cultivation of industrial hemp is otherwise authorized under the laws of the State or Tribe in whose jurisdiction in which such use occurs.