InMed Pharmaceuticals Inc (INM): Farm bill treats cbd as hemp. LEGAL!...

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Re: Flair09 post# 7333

Tuesday, 12/11/2018 6:05:54 PM

Tuesday, December 11, 2018 6:05:54 PM

Farm bill treats cbd as hemp. LEGAL!

“I don't really get how the Farm bill affects InMed? “

Any part of the cannabis plant with less than 0.03% thc is considered legal hemp, once the farm bill is signed.
This should open the floodgates with legitimizing cbd products and many large US companies have stated or implied they are not interested in partnering with cannabis companies that work with schedule 1 products.
It remains to be seen if this will extend to bio-identical/boisynthetic production of cannabaloids, but why wouldn’t it.
So—to answer your question—a company that might be inmeds unannounced partner might feel more comfortable announcing or further pursuing the partnership, and/or other companies might now be interested in partnering with Inmed.

Sam

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