The 2018 Farm Bill that overwhelmingly passed in the U.S. Senate is expected to soon become law. “Hemp offers a lower cost option for CBD -- hemp is easier to grow than cannabis,” he said. In 2017, the FDA issued warning letters to several CBD companies, but those referred to health claims the companies were not allowed to make or dosages the companies claimed that were incorrect. Schmults says the Farm Bill signifies the US Government’s continued evolution on the topic. “We think the tide has turned significantly in America's stance on cannabis decriminalization and this Farm Bill is a key first step towards this milestone.”

Source: Forbes December 19, 2018 19:07 UTC