Says Dolgin, who worked with state legislatures to help get the bill passed: “What we brought to the table is that we treated hemp as a big agriculture business, not as a few plants in a greenhouse like marijuana.” Justh adds, “For hemp to take its greater place in the agricultural landscape, it needs to be seen as a commodity.” Dolgin sums it up: “We’re very bullish about the food aspect of hemp. It’s right for an American farm to dominate that market, especially in the organic space.”
Federal law first loosened in 2004 when the Hemp Industries Association challenged the Drug Enforcement Agency (DEA) on a proposed rule that would have prohibited the import of hemp seed and oils for processing and manufacturing in the U.S. The Ninth Circuit Court of Appeals struck down the DEA rule, allowing manufacturers to continue importing hemp for the creation of finished products like hemp-based foods, beverages and topicals. Although the decision allowed many product manufacturers to continue operating their businesses, the domestic cultivation and harvest of hemp remained prohibited. It wouldn't be the last time the Hemp Industries Association pushed back against the DEA.
The legalization of hemp does more than simply create a new industry, and thus new business ideas and opportunities for entrepreneurs. Hemp is an extremely diverse crop with a wide range of applications, including in textiles, nutrition and biofuels, to name a few. The wider availability of these products could provide small businesses with more cost-effective or durable inputs.
Also, all HempWorx products are 100% organic and non-genetically modified, and the company apparently makes all of its products right here in the United States. Moreover, the hemp used to extract the oil is grown in Kentucky, and unlike a lot of firms who claim their CBD products to be lab tested, HempWorx actually ‘walks the walk’ by publishing up-to-date details of their test results on the site (you can find them under the “HempWorx Store” tab by clicking the “CBD Oil Certification” button).