In 2018, the United States government introduced the farm bill, a proposed law that will reauthorize many provisions in the prior Agricultural Act of 2014. The $867 billion farm bill was passed in the U.S. Senate on December 11, 2018, and by the House of representatives on December 12. The final step would be for the president to sign it into law.
One estimate put the U.S. CBD market at $2.3 billion to $23 billion by the 2020s, which is enabled by the 2018 farm bill. Additional revenue to farmers and processors is expected from textiles and other hemp products.
What does this mean for you?
The bill would send a boom into the hemp farming industry and allow CBD products to be sold without criminalization. Furthermore, investors could move into the profit sphere and boost other hemp related products like fuel, rope and textiles.