On Dec. 20, President Donald Trump signed the 2018 Farm Bill, an annual piece of legislation that governs regulations and funding across the entire agriculture industry of the U.S. Naturally, such a bill has sweeping effects that have significant implications on both the U.S. economy and food production. This year, however, there is one measure that especially stands out: federal hemp legalization.
Not only did prohibition mean hemp companies were legally unable to engage in interstate commerce, it also meant access to critical business services was often restricted. This includes banking, for example, because many banks harbored concerns about doing business with a company that remained federally illegal. Not only would that require more compliance work, risk management and due diligence on the part of the bank, it also would put banks at risk for money laundering charges and loss of FDIC status if the federal government enforced the laws on the books.
So for CBD products from hemp, check labels to see whether they say where it was grown, and look especially for those from Colorado. Not all products, however, include that information. So in a dispensary or a retail store, ask the staff whether they know where the hemp was grown. And for products purchased online, check the companies' website to see whether it has that information, or contact the seller to ask the same question.
Cannabidiol and cannabidiolic acid work by binding to various receptor targets throughout the central nervous system and the rest of the body. Acting at these receptor sites, it exerts influence on the metabolism of various neurotransmitter systems. It seems like ‘snake oil’ that one compound can have all the beneficial effects listed above; however, cannabinoid receptors exist throughout the nervous system and it is known that such a ubiquitous receptor must be involved in nearly everything the nervous system does, just like serotonin and dopamine receptors. Dopamine affects pleasure, but also pain. Anxiety and also relaxation. Heart contraction and blood pressure. All of these systems are integrated so cannabinoid receptors will indeed have effects on all of these systems and exogenous cannabinoids from plants can definitely have therapeutic effects which are extensive.
Hemp, the plant, is traditionally known for its use in textiles and ropes. That’s because of its strength: After about three weeks of growth, a hemp stalk will be so sturdy it’s almost impossible to break, because the fibers are so long and strong. But for culinary products, it’s the seeds that are all-important. After they’re pressed to produce oil, the resulting byproduct can be processed into a flour from which products like pasta can be created. JD Farms has also started cultivating young hemp leaves into salad mixes.
In states that have only legalized the medical, not recreational, use of marijuana, testing is less consistent, Boyar says. Several states—including Connecticut, Delaware, Hawaii, Florida, Illinois, Maryland, Minnesota, New Hampshire, New Jersey, New Mexico, and New York—do require some testing of products, according to the National Cannabis Industry Association. But others don’t, including Arizona and Michigan.
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.
Fuentes and Barosso soon became business partners and the co-founders of Green Roads. Barroso went door-to-door to smoke shops, leaving bottles of CBD oil on consignment. "In the beginning, no one would give us the time of day," Fuentes says. Then she started hearing that grandmothers were going into vape shops to find CBD. "I was like, we have to do something about this," she says. "Grandmas are not comfortable in vape stores!"
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