Boom – on December 20, 2018, the 2018 Farm Bill was signed, legalizing industrial hemp for the first time in 40 years. The bill applies to many hemp-derived products that were previously controlled under drug laws, including CBD oil, (not to be confused with hemp seed oil, which is a different product)
Here's what has changed:
- Hemp is no longer prohibited under the Controlled Substances Act (CSA). It's now classified separately from marijuana as an agricultural commodity. (Marijuana is still a controlled substance.)
- Industrial hemp has been legally redefined to include its “extracts, cannabinoids and derivatives.” This is wonderful news, as this language explicitly excludes hemp products like CBD oil from the regulation under the CSA.
- Federally regulated institutions like credit card companies, banks, merchant services, e-commerce sites, and advertising networks can now enjoy more freedom to conduct business with hemp companies.
The passing of the 2018 Farm Bill as it applies to hemp products comes as great news for many people who have been unable to use CBD products for wellness woes like anxiety, cancer, chronic pain, and more. If you've been holding off on this plant medicine for fear of legal issues, you can feel more confident about trying it out now.