Perhaps you didn’t notice this amazing fact, but a few days ago, the president of the United States, Donald Trump, just made hemp legal in all 50 states! If this happened in any other country of the world, perhaps the impact wouldn’t be so big. Fortunately, we are talking about the country which imports the highest volumes of CBD in the world! And now that it can legally produce Hemp, there sky is the limit!
Learning about the 2018 Farm Bill
The 2018 Farm Bill which Trump signed earlier this month allows for hemp cultivation along with the transfer of hemp-derived products across state lines for commercial and/or other purposes. This incredible decision was of course possible after Jeff Sessions, one of the Trump Administration’s biggest opponents to legal marijuana, is no longer the U.S. Attorney General. This led to the fact that the Feds have removed all restrictions on the sale, transport, or possession of hemp-derived products produced in a manner consistent with the law. In other words, to all those sellers of CBD: the coast is clear! For more information on this, check out senseicbdoil.
Learning about CBD oil
The curious fact about hemp and marijuana is that both are Cannabis plants. However, hemp has less than 0.3% of THC. THC is the psychoactive cannabinoid that will get you high and addictive towards a substance. Speaking in numbers, Marihuana has between 5-35% of THC! Those volumes will make you incredible high.
Unlike its close cousin, so to speak, hemp has many industrial uses which are greatly appreciated in today’s society. You can use hemp to make food, clothes, body care products, car parts, etc. Nonetheless, its most recent and widely spread use is to create CBD oil. This another chemical in the plant which has a lot of medicinal purposes. The best part is that it doesn’t get you high.
What can you use CBD oil for?
According to studies, CBD can treat ailments such as anxiety, depression, stress, insomnia, muscle inflammation, joint pain, seizures and many more. CBD can be put into oils (which is most famous form), but you can also find it in lotions, vaporizers, foods and pills. This means that even before it was legal to produce hemp, in those states where marihuana was legal, this kind of products accounted for a significant source of revenue for the industry.
Why was it illegal?
As with everything related to Marihuana, there was a lot of uncertainty around CBD. Even though it can’t make you high, it was outlawed in 1970 as part of the Drug Enforcement Administration at the beginning of the “The War on Drugs”. Thankfully, the new Farm Bill now eliminates all the regulation and restriction around Hemp! Furthermore, it even allocates billions of dollars in subsidies to American farmers.
What to expect?
The new law means the producers of CBD products can now buy raw materials across state lines and sell their products. Additionally, the Farm Bill lets hemp growers request federal crop insurance, and it even allows CBD product makers and sellers to receive financial services from banks.
All of these will help incredibly the CBD industry. If the last shreds of restrictions disappeared in the country which already produced the highest amount of CBD products in the world, it can be easily foreseen that everything will change. This industry will now grow at an incredible pace! In no time, it will surely surpass the Marihuana industry in the next few years.