On Tuesday, the Senate voted to approve a $ 867 billion new agriculture bill passed on Wednesday in Congress. While the bill has many positive merits one people is most excited that it will legalize the production, sale and distribution of industrial hemp at the federal level.
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Of course, much of the effort to legalize hemp relies on the fact that it contains cannabidiol or CBD – a compound with a variety of supposed health benefits, and without ] the psychoactive effects of his chemical friend THC. The hemp industry could be worth a staggering $ 20 billion by 2022, CNBC reported (CNBC 1
If you are interested in CBD, the news is probably quite exciting – but there are also some additional hurdles along the way. Here's what you know about farm accounting and what it means for people who use CBD.
What is the deal with the Farm Bill and the CBD?
First, some background information on hemp: The 1970 Act on Controlled Substances classified both hemp and marijuana as Schedule-I drugs or substances that currently have "no" accepted medicinal use and a high abuse potential.
The new Farm Bill will take Industrial Hemp from Schedule I of Schedule I so that it can be "grown for any use" – including the production and recovery of CBD [Hempisregularlyregulatedasarablecropplantingwhichmeansthatitcanstartproducingandsellingagriculturalproductsinthe state subsidized harvest insurance submit brands and promote their product CBD consumers, you will probably soon see a whole range of other hemp products on the shelves.
Note: The Farm Bill does not legalize the growth and sale of marijuana at the federal level. While marijuana also contains CBD, most strains of the plant also contain THC, with which the government still has a big problem. If your CBD comes from marijuana – not hemp – it still falls under Schedule I of the Controlled Substances Act, which means it's not allowed by law.
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] Getting the government on board with CBD was more difficult than you think.
CBD is a cannabis-derived drug  – after mountains of anecdotes and some scientific research – in all that is common, pain and nausea associated with cancer-related nausea and epilepsy can help. There are very few peer-reviewed studies on the effects of CBD on the human body But this year, the Food and Drug Administration wrote by authorizing CBD to treat two rare and severe forms of epilepsy.
"Our biggest challenge in the legalization of hemp was the general confusion with Mar Ijuana, "said Jonathan Miller, advocate of the US Hemp Roundtable, MensHealth.com ." The biggest challenge at CBD was that it open was introduced as a medical marijuana product.
"While a majority of Americans now support the legalization pot, this is not the prevailing view in Congress, we have had to demonstrate the difference between hemp and marijuana, and explain that hemp-derived CBD can not bring you up – but most of all Hemp could be an exceptional monetary crop for American farmers fighting in the heart of the country. "
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The farm bill does NOT mean that CBD will instantly pour into stores across the country.
It is important to point out that the fight for peace, love and CBD happiness is not over yet.
CBD is now removed from the list of Schedule I controlled substances, but is still regulated by the FDA. So far, the FDA has not classified CBD as "generally accepted as safe," according to the National Law Review a legal requirement of all food additives. The same applies to additions.
And although hemp and CBD will be legal at the federal level, states will have a say – and not everyone is on board. As the Wilson Elser Cannabis Law practice team explained, "Government departments of agriculture and Indian tribes can regulate hemp in the same way as all other agricultural products."
For example, the Attorney General of Alabama said at the moment that "all CBD laws are illegal under the Alabama Act except the prescription drug Epidiolex." Alaska's Department of Environmental Protection said, "There are no legally authorized CBD sources" the state. For this reason, CBD can not be sold or used in food establishments, as it requires the state lines to be crossed. Strangely, the state of California also banned the use of CBD products in food, although the use of marijuana – which contains CBD – was legalized this fall.