Merry Christmas: Hemp and Hemp-Based CBD Are Now Legal
Hemp! Hemp! Hooray!
Biggest victory in U.S. Cannabis History just happened by signing of the Farm Bill by President Trump this past Thursday, Dec. 20. The Farm Bill, interestingly enough, was championed by Sen. Mitch McConnell, a Republican from Kentucky, who last week rejected an amendment that would have allowed financial institutions to offer basic banking services to weed companies in the U.S. without the fear of criminal and/or financial penalties from the federal government.
The $867 billion Farm Bill is designed to provide billions of dollars in aid to farmers who've been hurt by the trade war between the U.S. and China. It notably legalizes the production and sales of industrial hemp and cannabidiol (CBD) derived from the hemp plant. CBD is the nonpsychoactive cannabinoid best known for its perceived medical benefits.
Hemp currently has a number of industrial uses in clothing, paper, paint, insulation, and animal feed. But it's the fact that the hemp plant has very little or no (THC) the cannabinoid responsible for getting a user high and a high content of CBD.