420 with CNW — Regulatory Environment Shifts as Demand for CBD Increases

December 3, 2021 04:20:03

 The 2018 farm bill was historic. The legislation legalized the cultivation and sale of industrial hemp and its derivatives, ending decades of prohibition and launching an insanely lucrative industry. Cannabidiol (“CBD”), one of the many chemical compounds produced by the hemp plant, swiftly gained immense mainstream popularity thanks to anecdotal claims of its health benefits. As initial studies found that cannabidiol had potent medical properties, the demand for CBD surged even more, and plenty of sellers jumped into the CBD market to cash in on the demand.

However, authorities still haven’t crafted a comprehensive regulatory structure for the nascent CBD industry, resulting in a confusing regulatory environment. Although the farm bill technically legalized the sale of CBD with less than 0.3% of THC, different states have their own CBD policies, especially regarding…

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