Public opinion regarding hemp has changed significantly in the past few years. In the early days, it was completely accepted. In fact, it was used for pretty much everything. Then, it was banned alongside marijuana. Now, CBD is being sold across the country. This is a good thing for farmers and the public alike. After all, the booming CBD hemp farming industry has helped build jobs and it supports economies. Within this guide, you will learn a great deal more about the booming CBD hemp farming industry and where it could go next.
When It All Started
In order to gain a better understanding of the current hemp industry, you have to jump back to June of 2018. At this time, the FDA approved a cannabis-based product for the treatment of two different types of series. During that year, the Hemp Farming Act of 2018 was passed. With the passage of the bill, hemp became a legal crop in the United States. This has resulted in the market going wild. Throughout the country, it is possible for consumers to buy hemp products directly from their local convenience stores. There are also specialty stores where they can buy CBD oils and other similar products.
The success of the specialty stores has already shown that the CBD market can be a powerhouse. This has caused many to conclude that it is just a matter of time before THC becomes legal throughout the country as well.
People Already Knew
Ultimately, CBD and other hemp products weren’t new to the public. They had been using them for a long period. When they were made publicly available, this set a fire. People were finally able to buy the products that they needed without feeling like criminals and without facing legal repercussions. This was a good thing for pretty much everyone involved. Now, companies like IHF LLC can offer hemp-based products to the public without any troubles. This is a whole of difference compared to how things were a few years ago.
Still Regulated
Unfortunately, the hemp market has not become a free-for-all. Instead, it is heavily regulated to some degree. For instance, farmers will still be required to obtain a permit to begin growing hemp in most areas. A few states have contemplated adopting new legislation that will give farmers the ability to grow hemp without needing a permit. This hasn’t come to fruition just yet. However, it is believed that such laws could pass somewhere pretty soon. When it does, the flood gates will open and similar bills will pass in other states too.
Selection Is Expanding
Another thing to note is that the hemp industry is expanding rapidly. It is adding new farmers daily. On top of that, new products are being added to the market on a regular basis. This is a good thing for consumers, farmers, and the middlemen. It ensures that consumers are able to find hemp-based products that they need. It gives farmers more encouragement to keep growing hemp. And, it gives those retail establishments more products to sell. Everyone wins in this type of situation. The hemp industry is changing very quickly. The businesses that gain the most success are those that think out of the box and generate the new trends.
Better Plastics
When most people think about hemp, they generally think about CBD oil. While this is likely the most popular consumer hemp-based product, it isn’t the only one. In fact, the hemp industry has taken a bite out of the plastics industry. Researchers have found a way to used hemp to develop biodegradable plastics. This could change the world for the better. With biodegradable plastics, it might be easier to protect aquatic wildlife and animals all around the world. It’ll also make it easier to keep the world beautiful and green.
Green Alternatives
Finally, it should be noted that people are now using hemp as a green alternative. They’ve discovered that CBD oil is far better for their arthritis pain than other supplements. Many are turning away from pharmaceuticals to use CBD products. Levi Strauss has started using hemp to make their clothing. Hemp has proven to be a very reliable green alternative. It is only a matter of time before it is used to create more mundane items in your life.