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2019 Will Be The Year of CBD Because of The New Farm Bill

On December 12th, Congress passed the 2019 farm bill, providing $867 in subsidies and support for American farmers amid transcontinental trade wars. On December 20th, it was signed into law by the President. This year's bill takes hemp off of the controlled substances list, which has sparked the attention of CBD companies and investors alike. This is why 2019 will be the year of CBD. The Federal Government and Hemp In recent decades, hemp and the federal government have had a tumultuous relationship. For nearly 50 years, hemp has been a Schedule I controlled substance, due to its relationship to hemp, which ...

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The New US Farm Bill Could Cause A CBD Boom

Under the current Farm Bill, hemp is treated as a heavily moderated "Controlled Substance." In mid-2018 though, Senate majority leader Mitch McConnell proposed legislation that would remove hemp from the Controlled Substances Act. For hemp, and for the CBD industry, this proposal has significant implications; the new US farm bill could cause a CBD boom. What Does This Mean Exactly? This legislation would mean that hemp would be treated like every other agricultural commodity. It would help growing, producing, and cultivating hemp creating it to be more cost-effective. In addition, it ...

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