That $100 million could soon be going back to American farmers and businesses, thanks to the recent introduction of the Hemp Farming Act of 2018 by Senate Majority Leader Mitch McConnell (R-KY). The bill, announced by McConnell and supported by a bipartisan group of senators, would “legalize hemp as an agricultural commodity and remove it from the list of controlled substances.”
The $600 million-plus hemp industry is poised for massive growth across the U.S. as more states legalize cultivation of the plant, promising to create scores of new business opportunities and jobs in the coming years. The market for hemp-based CBD products in particular is booming, which has helped bring established medical marijuana companies into the fold.
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Of course, the first thing to consider is why you want to take CBD. Though it’s being touted for numerous possible health benefits—and some preliminary research suggests it might help with everything from pain and anxiety to multiple sclerosis and opioid addiction—for now it’s clearly proved to help treat only two rare, but devastating, forms of epilepsy. (Read more about the safe use of CBD.)
My daughter takes this for PTSD, narcolepsy, cataplexy and other things. Hemp is second best to marijuana. We hope CBD will be available on prescription because obviously it will be a stabilized formula. Even though Hempworx is a good company and I highly recommend it you just never know how stable it is. In saying that, it works for my daughter and I’ve thought about for myself. Once it’s available on prescription I’m not sure if there will be much demand for hemp, but before that happens and I’m sure it will, making money from it is best done now!
As a result, customers can now be confident that most companies out there are pretty legitimate in terms of the overall safety of their products. However, you should still keep your eyes peeled and do as much research as possible, as a lot of brands are still selling non-therapeutic hemp seed oils as “CBD oils,” when in fact they contain very little of the active compound at all.