Dragon's Corner

[dragon52]

Congress just quietly passed a law that could spark a boom for the $1 billion marijuana-linked CBD industry

Some of the reasons why it could start to move in a huge way:

* 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.



https://www.businessinsider.com/farm-bill-legalizes-hemp-boom-marijuana-cbd-industry-2018-12