Ten years later, the 2014 Farm Bill established pilot programs in which universities and state agencies could grow industrial hemp, defined as containing less than 0.3 percent THC, for research purposes. It would be the first time since the 1937 law was passed that hemp could be legally cultivated and harvested in the U.S. The commercial cultivation, harvest and processing of hemp, however, remained federally illegal.
Cannabidiol (CBD) is one of the numerous compounds found in the cannabis plant. CBD oil can be obtained from two different species of cannabinoids: marijuana and hemp, which come from the same plant species called Cannabis sativa. Hemp-based CBD oil products have a lower delta-9 tetrahydrocannabinol (THC) concentration, while marijuana-derived CBD oil products have a relatively high concentration of THC. Therefor, marijuana-based CBD products can be used only when they are prescribed by doctors while hemp-based CBD oils do not normally require a prescription.
CBD product labels sometimes say that they were produced with “CO2 extraction.” That can mean that the CBD and other ingredients were removed from the plant using high-pressure carbon dioxide gas, not chemical solvents. Depending on the type of CO2 extraction used, the technique might be able to extract not just CBD but other cannabinoids (see number 5) in the plant, Boyar says. However, that approach is not necessarily better, because it’s unclear whether those other compounds provide additional health benefits. And it may not be safer, either, because some forms of CO2 extraction still use solvents, Boyar says.
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Legalization removes these barriers and is expected to provide a boost to the U.S. hemp industry, which was previously on track to grow to a $2 billion market by 2022 prior to the Farm Bill's passage. According to the Brightfield Group, though, legalization would result in a $22 billion hemp-derived CBD market by 2022, which excludes the many other types of hemp-derived products on the market. To put that in perspective, the entire domestic cannabis industry (which includes not just hemp, but also cannabis and all its derivative products) was projected to stimulate $23.4 billion in consumer spending by 2022. That means if the Brightfield Group's estimates are accurate, hemp-derived CBD alone could double the projected market value of the entire cannabis industry.
Among those sources, Lanier considers Colorado to have the most robust hemp program. The state’s agricultural program performs spot-tests of hemp plants while they are still in the field to check THC levels and will investigate the potential use of any illegal pesticides based on complaints. (Note that the 2018 Farm Bill, now in Congress, may make it easier for farmers to grow hemp and expand the number of states where it is grown and tested.)
A long-awaited legal challenge targeting federal drug authorities who call CBD a controlled substance will be heard in a federal appeals court in February. The Hemp Industries Association and hemp businesses are suing the U.S. Drug Enforcement Administration over a 2016 rule that cannabidiol is a controlled substance similar to marijuana. Arguments before the 9th Circuit […]
HempWorx also prides itself on having 100% non-GMO and organic products. As well as this, they also cultivate and manufacture all of these right here in the U.S.A. All of the hemp plants they use for their products are grown in Kentucky, and HempWorx keeps their customers regularly updated on the lab testing process and verification methods they employ.
The latest trend in the market is growing influence of online retailing for both business-to-consumer (B2C) and business-to-business (B2B) operations. The increasing popularity of e-commerce businesses worldwide has granted vendors with an opportunity to enhance their profit margins and revenues. E-commerce reported for nearly 15% of the global retail sales in 2017.
Look for products that show how much CBD (or cannabidiol, its full name) you get not just in the whole bottle but in each dose, says Lee, from Project CBD. Dosages, which are expressed in milligrams, or mgs, vary considerably depending on the form of the product, and experts often suggest starting with products that have relatively low doses. For example, with tinctures, consider a product that has just 10 mg per dose, says Mitch Earleywine, Ph.D., a professor of psychology at the University at Albany, State University of New York. (Read more about the safe use of CBD.)
HempWorx CBD is an interesting brand that has no issue with transparency in terms of how they operate as a business, and where they source their raw hemp plant material from. Also, one of the main things that stands out to me as that they’re one of the only companies I know of that offers specific dosing guidelines for a range of serious medical conditions. This is a bit odd, however, as they also make it clear that CBD is not approved by the FDA as a medicine, and thus none of their products are designed to “treat, cure, or prevent” any disease.