For many farmers across the country, the 2018 Farm Bill was a godsend. For a while, they’d been looking for a new high-value cash crop that would guarantee them high returns. The legislation legalized industrial hemp after decades of prohibition, finally giving farmers access to a high return crop. The bill classified hemp as cannabis with less than 0.3% THC, and instructed states and tribes to create hemp programs and submit them to the USDA for approval.
Just a year in and the market for hemp is worth millions of dollars in sales, and future projections are exceedingly positive. Although hemp is insanely versatile and is said to have thousands of applications, most of the demand can be traced back to cannabidiol. Like THC, it is a chemical produced by the cannabis plant, but unlike THC, it isn’t psychoactive and is found in...
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