The 2018 Farm Bill has paved the way for the legalization of hemp and CBD products across the United States, but what does it all mean?
If you have been looking to purchase CBD or other hemp products in Hawaii or any other US State, then you owe it largely to the 2018 US Farm Bill. What is the 2018 Farm Bill, and what has that got to do with hemp and CBD, you ask? Good question. In the following article, we’re going to take a look at the 2018 Farm Bill and what impact it had on the production of hemp and CBD products across the United States.
What is the 2018 US Farm Bill?
The 2018 Farm bill made it legal for hemp and CBD companies to operate legally, with full access to banking services, and also tax deductibles. Despite this, the Food and Drug Administration still considers cannabidiol (CBD) to be an illegal dietary ingredient.
The 2018 Farm Bill (officially known as the Agriculture Improvement Act of 2018), which impacts how cannabidiol (CBD) in cannabis sativa is regulated, was signed into law on Dec. 20, 2018.
It seems that everywhere you look these days, CBD is making its way into the headlines of news stories and articles. Everyone is promoting CBD as the next ‘superfood’ to take the world by storm.
CBD is one of the 113 cannabinoids that are found in both the hemp and marijuana plants. While both plants may look and smell remarkably similar, both plants belong to the cannabis sativa plant family, but they have their own unique and individual characteristics.
What has the 2018 US Farm Bill changed for CBD and hemp?
The fine print of the US Farm Bill defines ‘hemp’ as ‘the plant Cannabis sativa L. and any part of that plant, including the seeds thereof and all derivatives, extracts, cannabinoids, isomers, acids, salts, and salts of isomers, whether growing or not, with a delta-9 tetrahydrocannabinol (THC) concentration of not more than 0.3 percent on a dry weight basis.’ This definition is extremely important for hemp and CBD companies and makes it much easier for people across the United States to purchase CBD products.
What does all of that mean in layman’s terms? It means that if the tetrahydrocannabinol (THC) content of the cannabis plant or flower is below 0.3%, then it’s hemp. Above 0.3% THC, it’s marijuana.
The other big change is that hemp and hemp-derived products will no longer be included as Schedule 1 Narcotic Substances. This one is great for CBD companies and consumers. People can buy CBD products knowing that they aren’t going to get in any trouble, and CBD companies can run their businesses just like any other business in the United States.
CBD and the FDA
The new 2018 Farm Bill didn’t change how the FDA regulates CBD and how CBD is used in foods and beverages, which the FDA was quick to point out, but there is some light at the end of the tunnel. The FDA is currently working on ‘providing potential regulatory pathways for products containing cannabis and cannabis-derived compounds,’ Dr. Scott Gottlieb, the former commissioner of the FDA revealed.
Basically, CBD will need to be approved as a medicinal substance before it getting approval to be added to any food or drink supplements, or dietary supplements.
2018 US Farm Bill Conclusion
Hemp and CBD companies have been fighting to get this new legislation in place, and the 2018 Farm Bill finally made it possible for them to exist as regular companies. There has been a lot of behind the scenes work done by a lot of companies to get to this point in history.
Despite the new Farm Bill, there are still some hurdles to overcome. The federal government has left it up to the states to decide when or if they implement the new changes; however, most states have moved quickly to put the new laws in place and cash in on the growing popularity of CBD products and hemp crops.