With industrial Hemp legalized in the farm bill, CBD companies look toward increased sales and opportunities in 2019.
The farm bill, signed by President Trump right before the government shutdown, notably included hemp legalization, championed by Sen. Mitch McConnell.
States will create their own regulatory frameworks to be approved by the U.S. Department of Agriculture (USDA). States already producing hemp, such as Colorado and Kentucky, will plan significant expansions to meet demand.
The Food and Drug Administration (FDA) has not yet approved Hemp CBD supplements, food and cosmetics on a national scale, but has approved the pharmaceutical Epidiolex, an epilepsy treatment. The decision will likely happen within 18-24 months, according to a report from the Brightfield Group. http://bit.ly/2VUNuE8