The moment the hemp industry has been waiting for finally happened: President Donald Trump just signed the Farm Bill, legalizing industrial hemp in the United States.
What we’re seeing now is former natural food and organic entrepreneurs and executives turn their attention to hemp and CBD products, and turning them into recognizable foods. The supply chain is developing as such that it’s now possible to get high-quality CBD isolate, and add that to food. So CBD is becoming just another functional ingredient.
Hemp can be used to make clothing, ropes, paper, building materials and many other products.
Cannabidiol oil (CBD), is one of the potential uses for hemp. Cannabinoids are the natural chemicals found in marijuana plants that are used medicinally to treat the symptoms associated with a wide variety of disorders and diseases, according to the National Institute on Drug Abuse.
For years, experts have predicted that if the cannabis industry expands at its current rate, the American market will reach $20 billion by 2020. But it turns out that one market is spinning off into a mega-industry of its own: according to a new estimate from cannabis industry analysts the Brightfield Group, the hemp-CBD market alone could hit $22 billion by 2022.
CBD, a non-psychoactive cannabinoid found in cannabis, has had a surge in popularity over the past couple of years. Unlike THC, the chemical compound that gives weed its signature effect, CBD has been shown to help with everything from PTSD and anxiety to MS and epilepsy — without getting you high.