How CBD and Hemp Industry is Booming in 2019

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( — July 30, 2019) — Mention cannabis and you would be sure to raise a few eyebrows. But, all that is changing rapidly. Thanks to many recent developments and growing awareness, most people can tell the difference between CBD (cannabidiol) and THC (tetrahydrocannabinol) and how cannabis has so much more to offer than just the ‘high’.

What is CBD

For the sake of educating the readers, CBD, short for cannabidiol is the second most active ingredient found in the cannabis plant. This is the key component linked with medical marijuana. And while the inclusion of marijuana may make it sound controversial it’s not. Because, CBD comes from the hemp plant, which is the good cousin of marijuana that supposedly has myriad health benefits to offer minus without the psychoactive effects.

According to the World Health Organization, CBD poses no threats for any potential dependency of abuse. To this date, no evidence has been found linked with question use of pure CBD.

What is Farm Bill 2018

Unlike Marijuana, hemp is seen as an industrial crop. And because it’s low in THC, it poses no threat to human health. However, up until now – the conditions weren’t exactly favorable for farmers who wanted to grow, produce, sell, or distribute hemp or hemp-derived products. But, the Farm Bill 2018 legalized help farming. That means, for the next five years, hemp farmers should not face any issues when it comes to the production of hemp. That means easier procuring of funds/loans, favorable laws, and bigger sales/marketing channels. 

Farm Bill 2018 and Its implications on Hemp Farming

Usually, hemp farmers would oppose the regulations that connect with things like food safety, water quality and how it inevitably affects their crop production. But, with 2018 Farm Bill being a major win for hemp growers, they are seeing how the legalization of industrial hemp and the associated regulations could work in their favor. This explains why there’s suddenly a big, booming market for CBD and CBD products and eventually a larger need for more expansive hemp farming.

Is CBD Safe?

WHO has clearly stated that CBD, by itself and its purest form does not pose any kind of threat to the health? But, here’s where things get tricky – CBD is not sold as an over-the-counter medicine. It’s marketed and sold as a supplement. What’s more, the FDA does not regulate its production and distribution. Therefore, it can be difficult to vouch for the purity of the product.

A user may never know for sure whether the ingredients in the product are 100% pure CBD or if it carries any other unknown ingredients. But, coming from a reputable vendor, CBD should be safe to consume. This is where the responsibility falls on consumers’ shoulder to buy wisely after thorough research. Nonetheless, when all is said and done, people are ready to personally vouch for CBD and CBD products. Most of CBD marketing happens through word of mouth publicity. 

Now, more than ever, with the legalization of hemp and hemp farming, CBD’s popularity is gaining momentum rapidly. However, it’s worth mentioning that some of the commonest CBD side-effects could be fatigue, nausea, and irritability.

What Makes CBD So Popular?

Part of this equation is directed at CBD being pitched as this organic, all-natural way to manage symptoms linked with common health issues such as inflammation, insomnia, pain, stress, anxiety, etc. Though there are no hard facts that could back up such scientific claims and while most of the evidence is anecdotal, CBD has become a coveted ingredient in a variety of consumer products that range from cosmetics to edibles (gummy bears and whatnot), tinctures, biscuits, etc.

But implications don’t just end there. Hemp is a crop that is free from THC. That means even countries where marijuana is banned, hemp can be cultivated. The fiber from dried and processed hemp crop can be used for industrial purposes such as textiles, ropes, and even fuel. Being such a highly versatile crop with no psychoactive implications, it’s only natural for the world to feel inclined towards it.

CBD/hemp and Big Pharma

It suffices to say that this sudden surge in demand for CBD and hemp cultivation is fueling a certain Global Green Rush if you will. Even countries where sale and distribution of cannabis products were previously unthinkable are experiencing this surge.

Glenn Davies, the CEO of CannAcubedPte said that they get phone calls from big pharma companies from all across Asia asking for CBD product supply. Such demands ultimately beg for a more enthusiastic approach to hemp cultivation and farming. IHF is another company that is experiencing a sudden surge in demand for its products. This company is a leader in hemp farming and engaged in large-scale buying and selling of hemp/hemp products.

Final Thoughts

2018 Farm Bill has definitely opened a lot of doors for the hemp industry and hemp growers. Although it’s been just about a year since the passing of the bill, the demand for this crop is booming rapidly. It looks like 2019 is likely to witness more of that.