When you speak of one of the first crops to be grown on the soil of the United States of America, hemp is on the top of the list. However, as a result of the wave against psychoactive contents and drugs, hemp has been classified as a controlled substance in the country ever since 1970. The reasons for the step are yet to be fully understood, considering how hemp ranks extremely low on the psychoactive content.
Regardless of how you might choose to look at the scenario, the scene is about to change. Why? well, by the grace of the Farming Act of course. There is a new provision that has recently been added by the Senate into the Hemp Farming Act, removing industrial hemp from the list of substances included in the Controlled Substances Act.
States and farmers, all across the country, have been eager for the change, owing to how it now allows all 38 states limited cultivation of hemp not only for commercial purposes but for research purposes as well.
An Overview of the U.S. Hemp Industry
Regardless of how the cultivation of industrial hemp might have been legalized in the United States of America, the question arises: is the cultivation of a crop that has not been cultivated in the past 75 years still viable? In order to answer that question, it is essential to have an overview of the U.S. hemp industry:
If you look at the statistics, you will find the hemp industry of the U.S. to be worth $700 million annually, give or take. While the figures might sound incredibly lucrative, the fact of the matter is a majority of the hemp required to make products in the country is imported from China, Canada and European countries. It is obvious that the legalization issue has, thus far, prevented the American farmers to meet the demand themselves. By 2020, the market is expected to grow to $ 1 billion a year.
According to the Senate Majority Leader McConnell (R-KY), the farmers of the United States of America have been unable to meet the high demand for the retail hemp products themselves, as a result of outdated federal regulations. However, that is all set to change in light of the Hemp Farming Act.
How Hemp Based CBD Will Benefit from the Scenario
CBD is, perhaps, the most important component of hemp, especially when you look at things from a medical point of view. Hemp is mostly used in industrial products and contains CBD in amounts that far surpass what the likes of marijuana and cannabis have to offer. CBD is used in products that promise the alleviation of pain, easing of stress, better skin and improvement of skin.
Regardless of how CBD might be legal in numerous states, the fact of the matter is that it remains illegal on the Federal level. With the recent amendments in the Farming Act, the scenario is about to change, considering how it legalizes hemp based CBD on the federal level.
According to the provision, hemp is defined as all parts of the plant that contain less than 0.3 percent THC.
The Benefits of Legalization
As a result of the legalization of hemp based CBD, there are various benefits that we can hope to witness in the hemp industry of the United States of America. Here is an account presented for the most notable ones:
Owing to the recent bandwagon of environmental conservation, the fact of the matter is that environmental protection has become an important consideration in the industrial and agricultural activities that are carried out in all responsible countries across the globe. And when you speak of environmental conservation, one of the key points involves limiting the usage of plastic as much as possible.
Industrialists have been looking for something that can replace the usage of plastic in several products. This is where hemp comes into the picture, owing to how almost everything made from plastic can be made out of hemp instead. Hemp does not bring the problems of biodegradability that plastic brings to the table, being the reason why it is a significantly better alternative.
When you speak of all that CBD offers to the medical world, the fact remains that none of us can be quite certain about the facts. Why? Well, it is because enough research has not been carried out on the matter. In the past, the legalization issue was the major hindrance that existed on the path of CBD research.
Now that hemp based CBD is set to be legalized on the federal level, you can expect research papers to start flooding in soon.
Healthy Alternative for the Farmers
Speaking of farming, one thing that has to be remembered, at the end of the day, is that the bread and butter of the farmers depend upon this. Bearing this in mind, you cannot blame farmers for growing crops like tobacco, considering how there are legal bindings on growing crops like hemp.
With the legalization of industrial hemp, the scenario appears to be set to change. Farmers will no longer be forced to grow tobacco when they can grow hemp instead. Considering the benefits that hemp based CBD offers, it is safe to say that farmers will be moving on from growing crops that kills to growing crops that help in saving people’s lives.
If you think about it, the entire scenario seems ironic. On one hand, there is tobacco that’s been proven to kill people. On the other hand, we have hemp that helps in saving people’s lives. Is it not strange that the cultivation of tobacco has been legal for as long as one can remember, while the talks for hemp cultivation have only just begun? You be the judge!
House Committee on Agriculture House Bill 2018 Updates: https://agriculture.house.gov/news/documentquery.aspx?IssueID=14904