What Does the Hemp Farm Bill Mean for The CBD Industry?

October 23, 2020

The hemp industry received a significant boost after President Trump assented to the 2018 Farm Bill. The approval moved hemp from the control substance list, making the plant completely legal – whether for production, sale, possession, distribution, and consumption.

But what does this Bill mean to the hemp industry?

Read on to find out…

Hemp and CBD Laws – Where It All Began

The hemp plant had remained illegal in the US until 2014.

But why so?

Being a member of the controversial cannabis family, marijuana’s widespread stigma seems to rub off on the hemp plant.

In 1937, a Marihuana Act was passed to prohibit cannabis in the US. Since knowledge about cannabis was scarce, hemp was thought to contain similar psychoactive properties as marijuana. There were no scientific data to prove otherwise.

With the ban, hemp-sourced fabrics were swapped out for cotton; twines replaced hemp ropes; the hemp-based oils got pharmaceutical replacements.

With these legal restrictions, soon, hemp gradually faded out of our minds. And, of course, the unjustifiable stigma lingered for the centuries between.

Difference between hemp and marijuana:

After several years, science has confirmed the non-intoxicating nature of the hemp plant.

Marijuana and hemp are both members of the cannabis family. From mere looks, it may be difficult – or impossible – to tell them apart.

Both variants contain significant doses of cannabinoids and other phytochemicals, which account for their common therapeutic potentials.

However, one notable difference between hemp and marijuana is the THC concentration.

The Farm Bill states, categorically, that hemp products are considered legal only if they contain less than .3 percent THC. Hence, from a legal angle – which counts most in this discussion – the THC concentration distinguishes hemp from marijuana.

What the Bill Means for the Hemp plant

With the signing of the hemp bill, hemp plant is no longer regulated by the Justice Department. Thenceforth, the Department of Agriculture oversees hemp-related activities.

So, instead of serving a federal punishment, farmers of hemp products with over the legal .3 percent THC benchmark are banned from selling the product.

The deal also allows ex-offenders with drug-related crimes to access job opportunities in the hemp sector – but, at least, ten years after their sentence.

What does it mean for farmers?

Before the Bill, the US imported hemp from China. Asians had a 70 percent share of the hemp market.

With the ban lift on hemp product, American farmers now have an opportunity to explore the billion-dollar industry.

The hemp bill allows farmers to access crop insurance to cover their plants during a natural disaster or harsh weather.

For consumers?

China-sourced hemp is thought to contain environmental contaminants. This, first, reduces the compounds’ potency and then expose users to high toxicity.

The handling, packaging, and storage factors while on transit may stress the herbs and degrade its chemical composition.

Thankfully, now, consumers can get fresher and better quality CBD products from local sources.

Again, hemp is now very much readily available, both for consumption and further research into its therapeutic possibilities.

 
MARY JANE'S CBD DISPENSARY LOCATIONS:

Blanco Store

7115 Blanco Rd #113

San Antonio, TX 78216

210-878-4000

Evans Store

20770 U.S. Hwy 281 N #107

San Antonio, TX 78258

210-999-5556

Bandera Store

11836 Bandera Rd

Helotes, TX 78023

210-257-9882

Potranco Store

11440 Potranco Rd #102

San Antonio, TX 78253

210-251-2499

Savannah Store

302 West Victory Dr

Savannah, GA 31405

912-349-7666

Asheville Store

582 Hendersonville Rd

Asheville, NC 28803

828-552-3302

Memphis Store

1890 S. 3rd St. #103

Memphis, TN 38109

901-707-8879

 



Leave a comment

Comments will be approved before showing up.


Also in Latest from MJ-CBD

How the Cannabis and Hemp Industry can Help the Environment

March 05, 2021

It is no longer news that the world is on the brink of a climate crisis. Rising temperatures, startling climatic imbalance, melting ice caps and disappearing biological life are just some of the signs that demand we take action.

At this juncture, Climate Sustainability should be much more than a buzzword, but a charge to businesses and individuals to adopt responsible behavior that protect the environment.

While we fight collectively to reduce carbon emissions, there is a far even greater problem – the plastic problem.

Read More

My Experience Using Delta-8

March 03, 2021

In the cannabis circles, there is a new frontier of cannabis medicine that is attracting much more than a curious interest – Delta-8. Delta-8 CBD oil is a naturally occurring cannabis derivative that is touted to offer enormous benefits that far outweighs those of THC.

Several users have described the feeling of using Delta-8 as smooth, without any paranoia or anxiety. So, to bring to you a better understanding of this new variant of CBD, we would be taking a closer look into what it entails and the experiences of individuals who have tried it.

Read More

5 Questions to Ask Before Buying CBD Online

March 01, 2021

We all love CBD. Whether it’s gummies, oils, salves, balms or sweet snacks, there is a product for everyone.

But, as it is with the common saying not to judge a book by its cover… the same applies to CBD. With CBD, you would have to look past the colorful, fancy packaging for some real information we would be showing you down in the article.

So, for those who worry about what to look out for when buying CBD online, this article is for you.

Read More

x