Many states have recognized the need of cannabis business for its benefits in medical and other important sectors. After a long debate and years of discussions, the federal law has passed some legal bills over the use of cannabis and its by-products. The state of California is the first to legalize the use of marijuana understanding its recreational properties. This has given support for many other states to legalize the cannabis products with certain regulations and legal procedures. The introduction of federal laws has strengthened the cannabis business.
The federal government has passed Farm Bill 2018, in which it states that the cultivation of hemp is legalized with certain regulations. The hemp is a part of cannabis family which has more benefits on medical sector. The hemp leaf has a THC of not more than 0.3% which is very much suitable for legal cultivation. The government has permitted its usage in every aspect and also for industrial use. This has led to the boost of cannabis business in industrial and other markets.
Due to the introduction of 2018 Farm Bill, the hemp has been tagged as an agricultural commodity. This has motivated many people to cultivate hemp in large areas and make money out of it. The cultivators are also provided with agricultural subsidies and loans under the Federal Crop Insurance Act. Legal licenses are also provided for the industries and manufacturers for the use of hemp by-products.
Benefits of Hemp:
A wide variety of by-products can be extracted from hemp, which can be used in almost every aspects of life. It is used as a best alternate medicine to treat health issues like anxiety, sleep, stress, chronic pain, etc.
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