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Posted On: 12/03/2018 10:55:29 AM
Post# of 75357
Mitch McConnell’s Farm Bill Could Blow Up the CBD Market
by Lester Black • Nov 28, 2018 at 2:45 pm
CBD is already big business in America with hundreds of millions of dollars in sales every year. But the market for pot's second most famous compound might soon skyrocket thanks to a somewhat unlikely ally: Kentucky Senator Mitch McConnell.
The powerful Republican from Kentucky included provisions in this year’s Farm Bill that would fully legalize industrial hemp. That bill is now a top priority for Congress to pass before the end of the year, and if it becomes law we might see CBD on the shelves of every drug store in America.
“Once CBD is fully legalized, we expect that market to absolutely explode, with sales hitting $22 billion by 2022, which is higher than the US Cannabis industry,” said Bethany Gomez, the director of research for the cannabis research firm Brightfield Group. “That growth will absolutely be a result of legalization."
by Lester Black • Nov 28, 2018 at 2:45 pm
CBD is already big business in America with hundreds of millions of dollars in sales every year. But the market for pot's second most famous compound might soon skyrocket thanks to a somewhat unlikely ally: Kentucky Senator Mitch McConnell.
The powerful Republican from Kentucky included provisions in this year’s Farm Bill that would fully legalize industrial hemp. That bill is now a top priority for Congress to pass before the end of the year, and if it becomes law we might see CBD on the shelves of every drug store in America.
“Once CBD is fully legalized, we expect that market to absolutely explode, with sales hitting $22 billion by 2022, which is higher than the US Cannabis industry,” said Bethany Gomez, the director of research for the cannabis research firm Brightfield Group. “That growth will absolutely be a result of legalization."
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