Takeaway: The House and the Senate of the United States passed the Farm Bill 2018 by 20-1 vote which has a provision for making hemp legal. The years of debate and speculation has been put to an end. It is legal to grow, own and possess Hemp and a class of its derivatives. Farming, fashion, auto and pharma are amongst the major industry that will witness changes due to this Bill. If produced in a manner consistent with the Farm Bill, any cannabinoid that is derived from the plant Hemp gets a legal status through this law.
We know we’ve been waiting for this to happen for years now! Just a few days ago we talked about how hemp is just a step away from getting the label of legal, and here we are already with the news of success!
Hemp is officially legal as Trump signs the Farm Bill 2018 after years of tug-of-war for hemp being good or bad. The Senate head Mitch McConnell was visibly enthusiastic as well as determined to make hemp legal in the country for the benefit of the farmers of his state, Kentucky.
The House and the Senate passed the Farm Bill 2018 last week by 20-1 vote which has a provision of making hemp legal. Although the Bill was expected to pass much earlier, the immigration battles between the Republicans delayed it. However, the final sign that we eagerly waited for is done, and guess what, without the hemp pen (McConnell jested by offering his hemp pen to the president to sign the bill).
Now that hemp is legal, we expect an exponential boom in the economy as this plant is a catalyst in almost every industry, be it farming, fashion, auto, or pharma. However, the question still remains, how will this bill affect CBD and the manufacturers.
How Does The Farm Bill 2018 Affect CBD?
While the decision of legalizing hemp will have an impact on every industry, it is also true that there will be some regulations regarding the crop. The cultivators interested in hemp farming will have to notify the US Department of Agriculture about the plantation plans, and the standard rule of hemp having to have not more than 0.3% THC still remains.
The good news though, is that hemp crops will be protected under the Federal Crop Insurance Act which adds security for the farmers.
And now, coming to the question of the day, does CBD get legal status?
As reported by Boston Globe, John Hudak of the Brookings Institute said that the entire legalization is about hemp, not CBD. However, that’s a general take, and he further said, “The Farm Bill ensures that any cannabinoid — a set of chemical compounds found in the cannabis plant — that is derived from hemp will be legal, if and only if that hemp is produced in a manner consistent with the Farm Bill, associated federal regulations, association state regulations, and by a licensed grower. All other cannabinoids, produced in any other setting, remain a Schedule I substance under federal law and are thus illegal.”
Thus, it seems that CBD produced from the hemp stalks cultivated according to the US agriculture standards may not be included in the Schedule I category. Precise remarks on CBD are yet to come out, but we hope that CBD sees the same light as hemp did.
All things apart, how great it is to finally say a YES when someone asks Is Hemp Legal? All thanks to the Farm Bill 2018!