Industrial hemp is now legal in the U.S., which could loosen laws around the popular marijuana extract CBD.
RIGHT NOW: President Trump is signing the Agricultural Improvement Act of 2018.
Geplaatst door KTVU Fox 2 op Donderdag 20 december 2018
President Donald Trump signed the 2018 farm bill on Thursday afternoon, which legalized hemp — a variety of cannabis that does not produce the psychoactive component of marijuana — paving the way to legitimacy for an agricultural sector that has been operating on the fringe of the law. Industrial hemp has made investors and executives swoon because of the potential multibillion-dollar market for cannabidiol, or CBD, a non-psychoactive compound that has started to turn up in beverages, health products and pet snacks, among other products.
The farm bill is a sprawling piece of legislation that sets U.S. government agricultural and food policy for the country and is renewed roughly every five years. This version of the bill places industrial hemp — which is defined as a cannabis plant with under 0.3% of tetrahydrocannabinol, or THC — under the supervision of the Agriculture Department and removes CBD from the purview of the Controlled Substances Act, which covers marijuana.
No longer required to export most of their hemp-based products from Europe, Japan and Canada, domestic brands can now order hemp from other states without fear of federal reprisal.
What we’re seeing now is former natural food and organic entrepreneurs and executives turn their attention to hemp and CBD products, and turning them into recognizable foods,” Rea says. “The supply chain is developing as such that it’s now possible to get high-quality CBD isolate, and add that to food.
So CBD is becoming just another functional ingredient.”