The cannabidiol (CBD) industry is a lot stranger than most sectors. For starters, most industries take a while to pick up steam and get rolling, but barely a year after CBD became legal, the market for the hemp extract is worth at least a billion dollars, and experts believe it will hit $20 billion by 2024. This is despite the fact that the industry is barely regulated, with the exception of the 2018 Farm Bill which legalized industrial hemp.
The legislation classified cannabis with less than 0.3% THC levels as hemp, and for CBD to be legal, it also has to have similar levels of THC (delta-9 tetrahydrocannabinol). It is the chemical in cannabis that produces…
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