We live in an amazing time, a time in which it seems almost every day new developments are being made in the cannabis industry. Less than one month ago, Congress passed The Farm Bill, making hemp legal throughout the country. What does this mean for the future of recreational and medical cannabis and widespread hemp products? We’ve laid out the details and examined the facts so you can stay informed.
Keep reading to learn more or visit Singleseed online to get exclusive, legal hemp products.
What is The Farm Bill?
In December 2018, Congress and President Donald Trump, largely influenced by Senate Majority Leader Mitch McConnell, passed The Farm Bill. So, what does that mean? What is The Farm Bill?
The Farm Bill does not solely influence hemp products. Instead, it is tied into a wider-reaching bill that includes agriculture subsidies and food assistance programs. Because hemp products are more than the drug they are associated with, Senator McConnell and others hope that the bill will bring jobs to their respective states.
Hemp is derived from the cannabis plant but does not produce a psychoactive high and actually has many uses. From food to paper, rope to carpets, hemp can nearly do it all.
In fact, historically hemp was one of the most useful and diverse materials used by ancient civilizations. The Chinese grew hemp for textile fiber 4500 years ago. Throughout the Middle Ages, hemp was used to make clothing, shoes and even rope. Since then, hemp has expanded immensely to be used as a material for sails in the 17th Century to being used for parachutes, uniforms and even tents during World War II.
Today, hemp is seen in everything from protein powder alternatives to clothing, biofuel and even construction materials.
The Farm Bill, among other goals, helps to bring jobs to the U.S. and break the stigma of hemp as a solely drug-related product.
How does The Farm Bill work?
Although you may see hemp products on the market today, many of those products come from technically illegal sources or from outside of the country. How can Congress fund a bill that supports marijuana production? Determining ‘how does The Farm Bill work’ is as simple as separating hemp from other cannabis products.
Because ingesting hemp does not produce the ‘high’ typically associated with cannabis products, it can be classified differently than other cannabis products and legalized for mass production.
This bill will NOT legalize cannabis for medicinal or recreational uses. Instead, it solely deals with the legality of hemp, removing it from the list of Schedule 1 controlled substances.
Before the bill passed, farmers wishing to grow hemp in the United States faced barriers due to federal prohibition including restrictions for funding, water rights, and crop insurance. With the passing of The Farm Bill, the U.S. Department of Agriculture and various state-run agencies now bare the burden of regulating the growth and production of hemp. This means that the former restrictions are now removed.
While the sale of hemp was not necessarily illegal before, the cultivation was. The Farm Bill removes that restriction as well.
The Farm Bill And CBD
So how do The Farm Bill and CBD relate to one another?
Industrial hemp is considered any part of the cannabis plant that has .3 percent of THC or less in it, on a dry weight basis. Cannabidiol (or CBD) unlike tetrahydrocannabinol (or THC) does not produce a psychoactive effect, even though both are derived from the hemp plant.
According to studies such as this one from McGill University, CBD has a calming effect on the body and medicinal benefits while THC has less medicinal benefits and can actually induce paranoia and anxiety. This makes CBD useful for a variety of health conditions.
The passing of The Farm Bill means tons of opportunity in the CBD market. While larger quantities of hemp grown will mean more available hemp for CBD products, it also means more opportunity for research and development in the CBD industry.
CBD has the potential to replace many costly and potentially dangerous and addictive pharmaceutical drugs prescribed today. With the passing of this bill and the expansion of availability to produce CBD products, there is no end to the possibilities for CBD’s future.
What that means for YOU and your CBD:
Keep an eye on CBD; with the passing of this Farm Bill, there is potential for an entire market to explode.
Today, CBD products include tinctures that can be taken directly or added to foods and drinks, lotions and oils that can be applied topically and even supplements for everyday activity such as CBD infused water and CBD Hemp powder supplements.
Some predict, with the Farm Bill passing, that the CBD market will likely grow 40 times its current size by 2022.
Hemp can be compared to tobacco regulation and the explosion of the tobacco market once it became a regulated crop. This was part of the argument and driver that Mitch McConnell had for legalization quoting that he hopes hemp “can become sometime in the future what tobacco was in Kentucky’s past.”
Start exploring an already budding market of CBD products with Singleseed, your premier CBD product provider for those with active, healthy lifestyles.
There’s no telling what great things will happen to CBD with the legalization of hemp. What we know for sure is that CBD is already impacting the lives of many Singleseed customers for the better.
Choose from tinctures, topical rubs, inhalable oils or any number of products that seamlessly fit into your active lifestyle. CBD provides safe and effective pain relief and a pleasant, calming effect on the entire body.
Singleseed carries a number of high-quality CBD brands such as Lalpina CBD, TorusMed and more. Get to know which of these products you like best! Be ready to hit the ground running when the CBD market takes off in a big way.
The Farm Bill rings in 2019 as the year of hemp and the year of CBD. We can’t wait to see what it has in store for you!