Bipartisanship seems in short supply in Congress these days, but that wasn’t the case for the Agriculture Improvement Act of 2018, signed in to law by President Trump in December 2018. This $867 billion bill easily passed in the House with a 386-47 vote, and in Senate with an 87-to-13 vote. And yes, tucked into the law was a section that allowed for the legalization of hemp. In this blog, we’ll take a look at everything you need to know about this legislative and agricultural victory.
What’s the difference in hemp and marijuana?
First thing’s first — we have to point out that hemp and marijuana are NOT the same thing. Therefore, don’t get too excited by thinking that marijuana has now been legalized across the board. Both marijuana and hemp are part of the Cannabis plant family, but due to different anatomy and composition, the two plants are very different. For political purposes, the most important difference is the amount of THC found in each plant. THC is the cannabinoid that is responsible for making you feel high, and it’s abundant in the marijuana plant. In the hemp plant, however, there is less than 0.3% THC — which was part of the huge push for legalizing it.
What is in the new law?
Like we mentioned above, legalizing hemp is just a small part of the new law (but of course, it’s what we are most interested in!). The law also provides “billions of dollars in subsidies to American farmers, bolsters farmers markets, and rejects stricter limits on food stamps pushed by House Republicans,” as reported by the Washington Post.
Why is Mitch McConnell interested in hemp?
We can’t talk about this enactment without talking about Mitch McConnell, a Republican from Kentucky who serves as the Senate Majority Leader. It came as a great surprise that he introduced the lift on hemp in April 2018, due to his historically conservative stance against all things cannabis. However, McConnell has visited with hemp farmers all over Kentucky and learned how valuable of a crop it is for them. In his push for legalizing hemp, he shared his thoughts that hemp could replace tobacco for farmers who have struggled since the downward spiral of tobacco farming. Given the major benefits of CBD oil, we’re all for it!
What does this mean for CBD oil?
With the lift of the ban on hemp, CBD oil will now be even more widely available, and we’ll see huge growth in the industry as farmers learn more and more about growing hemp and making great CBD oil. Analysts expect hemp to grow into a $20 billion industry by 2020 (source)!
In the meantime, here at Have a Nice Day CBD, we’re happy to continue offering the highest-quality CBD oil and other CBD products available. Are you ready to begin experiencing the awesome benefits of CBD oil? Shop our huge selection of products, ranging from concentrates to