Congress just quietly passed a law that could spark a boom for the $1 billion marijuana-linked CBD industry
|12/15/2018||Posted by BusinessMediaguide.Com under General World News||
- The US Farm Bill passed on Wednesday legalizes hemp, a plant that’s roughly identical to marijuana and is a key source of highly touted wellness ingredient CBD.
- The bill defines hemp as an agricultural product for the first time and amends a major drug law that hadn’t been altered in 50 years.
- Experts said the shift could spike interest in CBD, which is also the active ingredient in the first cannabis-based medicine to gain federal approval in the US.
- Despite its hazy legal status, CBD already makes up a roughly $1 billion industry.
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