Since the CBD is on everyone’s lips (at least of almost everyone in the US) let’s review what is the CBD? What does it do to your body? And US Farm Bill?
We are on the verge of a CBD explosion. It is estimated that the US market for CBD products will have a value of $ 2.1 billion by 2020; the World Anti-Doping Agency eliminated the CBD from its list of banned substances; The Food and Drug Administration (FDA) for the first time approved a drug for epilepsy that contained CBD oil, prompting the US Drug Enforcement Administration to change its position about the CBD.
You can rub the CBD oil on your skin or drop a drop under your tongue; you can eat it as a sugary gummy or drink it as a cocktail.
There is evidence (some scientists quite anecdotal) that it helps with epileptic seizures, opioid addiction, post-traumatic stress disorder, arthritis, anxiety, insomnia, nausea, chronic pain and much more. If you believe in exaggeration, CBD can do almost anything for your physical and mental health, and it will not give you a rush like a comet.
What is CBD?
The cannabis plant contains more than 100 different chemical compounds known as cannabinoids, which interact with the endocannabinoid system of the body. Researchers are still working to understand.
One of those cannabinoids is CBD, or cannabidiol. CBD is not psychoactive, which means it will not make you “drugged,” and there is growing evidence that it has several health benefits.
What are the Benefits?
CBD helps treat a variety of diseases. People are using CBD made oils, gummies, and other foods and beverages relax themselves for pain. Sports players are now using CBD to control pain, headaches, and insomnia. Some use skin products with made using CBD as anti-aging.
Scientific evidence states that the CBD also has legitimate medical benefits. Experts have already indicated the anti-anxiety and anti-inflammatory properties of CBD.
CBD also helps to cure stress disorder and alcohol use disorder.
According to the National Institute of Health, CBD is also effective in treating side effects related to cancer.
Is CBD Legal? Where is CBD Oil Legal?
The CBD is gaining more and more followers and has already become the most revolutionary cannabinoids in countries like Switzerland, Italy or the United States.
A long time ago, the great country of North America, the United States, was in love with industrial hemp. We all know that, in addition to the candles of Christopher Columbus, the American flag and the papers with which he declared his independence were made with hemp fiber.
It is said that even founding fathers George Washington and Thomas Jefferson grew hemp on their land.
“If we go back to the 1940s, the United States was a very large producer of hemp,” Isaac Campos, a drug expert at the University of Cincinnati, told the BBC. ”
It was more profitable than corn and soy,” he added. Even during the Second World War it was so important to the military that farmers who cultivated it and their children were exempt from military service.
However, everything comes to end, when Reagan unleashed the failed war on drugs.
New winds are blowing in the world power, especially after states like Alaska, California, Colorado, Maine, Massachusetts, Michigan, Nevada, Oregon, Vermont, and Washington have supported their legal cultivation.
According to New Frontier Data, a cannabis market research firm, “Federal legalization could triple the global hemp market to 2.5 billion dollars by 2022, with 1.3 billion of those sales in hemp-derived CBD products.”
The 2018 Farm Bill
The US $ 867 billion farm bill, signed by the president, would eliminate industrial hemp from a list of substances under federal control; an important step to marijuana grows in the US.
That would create a legal market for the CBD that could reach a value of more than US $ 20 billion by 2022, according to research firm Brightfield Group.
“This bill is very important because there will be a domino effect. That is, banks can now get involved, and if the banks get involved, the credit card companies can get involved, and if that happens, the big retailers will want part of that market like Target and Wal-Mart, “Sean explained. Murphy, New Frontier analyst who has researched that sector since 2015.
With this farm bill, Growers can buy insurance policies for their crops, apply for subsidies and loans, and deduct their tax expenses, like any other farmer.
“The passage of the Farm Bill is good news because it provides a strong safety net for farmers and ranchers, who need the dependability and certainty this legislation affords,” Agriculture Secretary Sonny Perdue
In addition, they can transport their products from one state to another without fear of arrest, as long as they do not violate the guidelines of the Food and Drug Administration (FDA).