A Bill Has Been Passed in 2018 That Legalized the Farming of Industrial Hemp. What Is to Be Expected?

 

Cannabis and the US had a bitter history because of its racism after the Mexican revolution. All the cannabis products were illegal, and the public was feared because of the addiction aspect and health-damaging factors that the governments exaggerated at that time.

 

In 1997, Colorado was the first state to give cannabis and cannabis-based products legal status. After their legalization in Colorado, other states followed the path as well. Today, many states have legalized industrial hemp, which is cannabis with less than 0.3% THC content. Some other states have also lifted the prohibition from the high in THC cannabis (known as marijuana).

 

Even with all these states lifting the strict bans over the products, cannabis products have been in the law's gray area. On the state level, they are legal or illegal depending on the state, but they are illegal on the national level. This has caused confusion for many years, and still, the policies are hard to understand.

 

However, the CBD industry is growing exponentially. It is estimated that it is going to be a twenty billion dollar plus industry. There are many CBD products you can find in the market. You can find them even in the stores near you. Some of them have a complete range of CBD packaging displayed on the racks. These products have even reached the states that do not allow cannabis products. The reason is the fact that these cannabidiol products do not get you a high. Instead, they carry health benefits.

 

In the future, things will get much better for the CBD industry as a bill has been passed in 2018 that allows farmers to grow industrial hemp. They can grow hemp under controlled environments, obviously. The passing of this bill is the biggest news for the CBD industry that ensures the government's changing perspective towards CBD products. Besides, now more researches will take place to unearth the qualities and the health benefits for the coming generations.

 

Expected Rapid Growth of the CBD Industry

With the availability, legalization, and studies on the effects of CBD, the market is expected to grow in the upcoming years. Like every growing industry, the CBD industry will also face challenges in the beginning. But the data supporting the health benefits associated with the cannabidiol products and the increasing popularity shows that the industry is going to be more successful in the future.

 

One major obstacle in the path of CBD products is the fact that despite the health benefits, these products are not approved by the FDA as of yet. Many products are sold as supplements to get around the approval problem. But with the increasing popularity of CBD products, it is expected that soon there will be proper policies for the regulation of these products.

 

Such policies and regulations will control the influx of low-quality products in the market that put the question mark on the credibility of the claims supporting CBD. So, it is best if these policies for regulation are made as soon as possible.

 

Other than these few challenges, there are many other factors that will contribute to the expansion of the industry. Like the increasing popularity of hemp seeds because of their nutritional benefits. These are not directly related to the CBD industry, but the source seeds and CBD is the same. Therefore, the popularity of these seeds can actually be advantageous for the cannabidiol industry as well.

 

The Bottom Line

The bottom line here is that the CBD industry is going to be very successful in the coming years, yet there will be challenges as well. Things from the current viewpoint show that the industry has a bright future.