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Jeff Daniels (December 7, 2018), Hemp legalization included in new farm bill could 'open the floodgates' on nascent industry, CNBC; John Hudak (December 14, 2018), The Farm Bill, hemp legalization and the status of CBD: An explainer, Brookings Institution
2018: The 2018 farm bill legalizes low-THC (less than 0.3% THC) hemp and hemp-derived products such as cannabidiol (CBD) at the federal level. The bill also fully removed or "descheduled" low-THC cannabis products from the Controlled Substances Act, where they had been listed as Schedule I drugs since the CSA's inception in 1970. [4] [12]
One of the biggest debates between the U.S. House and Senate in the 2024 Farm Bill is the inclusion of hemp and cannabis.
While marijuana has gotten more attention in 2018, CBD companies might steal the spotlight in 2019 thanks to possible legalization at a federal level. Why the Farm Bill could make 2019 the year of CBD
The 2018 Farm Bill or Agriculture Improvement Act of 2018 is an enacted United States farm bill that reauthorized $867 billion for many expenditures approved in the prior farm bill (the Agricultural Act of 2014). The bill was passed by the Senate and House on December 11 and 12, 2018, respectively.
Martin Sumichrast, CEO of Level Brands, which Plans to Acquire cbdMD By John Jannarone With the passing of the Farm Bill Thursday, major U.S. retailers are likely to pounce on the opportunity to ...
The 1981 farm bill involved only small changes and continued the policy of restricting supply rather than increasing demand. The 1984 budget proposal was designed to cut subsidies rather than reform the system, but Congress rejected it. Instead, Congress continued the same policies in the 1985 farm bill, which Reagan reluctantly signed.
With the passage of the Farm Bill, CBD is going mainstream, despite reports of dangerous ingredients and misleading labels. Retailers and restaurants are increasingly intrigued by CBD, with CVS ...