“Luckily, legalization doesn’t just mean more products, but competition will likely drive down prices too.”
CBD is here to stay, retail can work and beer has a serious competitor.
Along with treating pain, epilepsy and acne, several studies have found that CBD oil is helpful for easing symptoms of anxiety.
The 2018 Farm Bill has been signed into law yesterday, with wide-reaching ramifications for the hemp and CBD industries – some encouraging, some that remind us it will take time before CBD is truly accepted into the mainstream.
Below is a link to an article (behind a free 7-day trial registration wall) that’s a useful primer on the implications of the Farm Bill, with some notable quotes below.
…one of the primary achievements of the 2018 farm bill is the attempt to address the uncertainties left open by the 2014 farm bill…by creating a clear regulatory structure for the commercial development and legal protection of hemp and hemp-based CBD.
…the bill specifically amends the CSA to provide that the legal term “marihuana” explicitly “does not include hemp” as defined by the farm bill. As a result, the legal definition of hemp and hemp-based CBD and its distinction from marijuana should now be clear…
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Industrial hemp is now legal in the U.S., which could loosen laws around the popular marijuana extract CBD.
“Given the current Opioid Epidemic and National Crisis , CBD can play a big role in patients with Opioid Use Disorder. We have initiated CBD research studies with several universities in exploring its potential.” Dr. Sanjay Gupta
It’s still unclear how different federal agencies will interpret the new rules, but it doesn’t matter — people in the CBD industry are calling the new legislation a “game changer”.
Cuomo named marijuana legalization as one of his priorities in the first 100 days of 2019.
New initiative is pushing governments to relax laws on sales.