The hemp/CBD industry is in limbo until the Feds clear a path to allow retail sales of ingestible CBD products; topicals are allowed but that is not how people need to use CBD on a regular basis. The industry is a year away from potentially major growth. However, the caveat is that Congress will need to be the body that does the heavy lifting, and we all know the certainty of that happening, maybe 50/50(?).
Just this week, work started to make hemp/CBD a major component of the 2023 Farm Bill. The 2018 Farm Bill opened the door a crack, but FDA proceeded to close the door with their dithering. Hopefully Congress can work around FDA to get CBD "legalized" (emphasis on hopefully).
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