Trump Seeks Additional Funding to Regulate CBD and Hemp

February 20, 2020 09:00:43

Back in December 2018, President Trump signed a bill that legalized the cultivation and sale of industrial hemp and its extracts. States and tribes were to create their own hemp programs and submit them to the U.S. Department of Agriculture (USDA) for approval in a year, but in the meantime, farmers could commence cultivation under pilot programs.

Within a year, the hemp/CBD sector was already worth millions in sales, with experts saying it would hit $20 billion by 2024.  However, beneath all these attractive numbers, problems were brewing. The sector had grown too fast for regulatory authorities to keep up, and it was filled with…


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