Hemp and CBD are now legal in the U.S.
President Donald Trump signed a new agricultural law, better known as the Farm Bill, that will legalize hemp in all states. This could also ease legislation issues around CBD, the massively popular healing supplement made from hemp. The legislation will officially go into effect in the beginning of 2019.
As stated on Huffpost, the Farm Bill contains a section that removes hemp from the Controlled Substances Act. This clears the way for commercial cultivation, research and further development of hemp.
According to Bloomberg, the Food and Drug Administration (FDA) is investigating how it can oversee the expected explosive growth of all kinds of products containing CBD, now that hemp is legal.
"CBD has quickly become popular
as a treatment for conditions such
as anxiety and pain"
Previously, hemp was considered a substance in addition to more powerful marijuana types, as well as other (hard)drugs like heroin and LSD.
While other cannabis strains with higher concentrations of THC can get people high, hemp does not. Industrial hemp is very useful and knows thousands of ways to process it.
Under the new bill, hemp is defined as a part of marijuana with a THC concentration less than 0.3 percent. According to Bloomberg, this results in the fact that hemp is removed from a list of federally controlled substances. And this means a lot for companies like Coca Cola Co. that see opportunities to put drinks and products containing CBD on the market.
"Coca Cola Co. told it will wait
to market CBD-infused drinks
until all regulations are clear"
The legal cannabis market is booming. According to Marketwatch it is worth roughly $2 billion. And now CBD goes mainstream, big food and beverage companies have begun to take serious interest in it. (source: Marketwatch).