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CBD Industry Poised To Go From Grassroots To Big League In 2019 With Legalized Hemp - Cannabis News
Compared to the 89 million acres of soybean in the U.S., the hemp industry is still meager at 25,000 acres, but experts expect that will quickly change now that President Donald Trump has signed the 2018 farm bill.
That’s because after nearly a century of heavy state and federal restrictions, hemp has been removed from the list of controlled substance and reclassified as an agricultural commodity — one that a burgeoning market has its eyes on.
More than half of U.S. states already allow farmers to grow hemp, including Illinois, Indiana and Missouri.
And the acreage in the U.S. increased more than 500 percent between 2015 and 2017.
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Esther Honig ~ HarvestPublicMedia.org ~
- Written by Bruce Kennedy - Editor in Chief
- Category: Cannabis News