The hemp industry is going under major changes as Congress is taking major steps to fully legalized hemp.
The growth of the cannabis industry is seemingly unstoppable and in fact, the only factor holding it back are regulations in certain areas. Marijuana and legalities are a confusing topic as each state has its own set of laws to abide by. According to Vox, there are nine states that have fully legalized marijuana including Washington and Vermont. Other states have legalized one form of marijuana only, while others have completely banned the plant.
Things are a lot more complicated for hemp. Even though the plant derives from the cannabis family, it does not cause the controversial high that marijuana is known for. It does, however, carry the numerous benefits that cannabis has. Many have rallied behind the removal of hemp from the list of controlled substances and that battle may soon come to an end.
According to The Washington Post, Congress is finally pushing through the legalization of hemp. The Senate’s farm bill spearheaded by Senate Majority Leader Mitch McConnell seeks to classify hemp as an agricultural commodity instead of a controlled substance. The final draft for the act will be worked on next month.
Representative James Comer says that industrial hemp is economically viable. He goes on saying “I get a call from a farmer every other day. More and more farmers want to grow it.” There are already many cultivators who are ready to support the industry once the awaited passing of the bill comes.
Many also believe that there will be a surge in supply chains and researches centered on pushing the use of hemp and its derivatives like cannabidiol (CBD).
CBD is one of the many compounds of cannabis. It is the cannabinoid that contains the benefits that hemp and marijuana are known for. Hemp plants are packed with CBD. They also contain the high-inducing compound tetrahydrocannabinol (THC) but only in small amounts. It’s impossible to get high from hemp products and it’s what makes it a wonderful supplement.
Some companies are already busy with utilizing hemp as the main source of their CBD. PotNetwork Holdings, Inc. (OTCMKTS:POTN) for instance, extracts the compound from premium quality hemp only. It is then used in a selection of products that are accessible through its wholly-owned subsidiary, Diamond CBD, Inc. Their best selling products include flavored oils, edibles, crystal dabs, creams and more.
POTN’s attention to quality starts with the selection process of the hemp plants to be used as they handpick the products for processing. The plant is then run through a meticulous process called supercritical C02 extraction which isolates the naturally-occurring beneficial compound. For added measure, POTN runs the CBD through a last round of manual quality inspection. All these processes are handled by industry specialists from the company.
People from all over the U.S. are in for a treat once hemp is fully legalized by Congress. Waiting for them is a wide selection of CBD-derived products made by leaders that put quality ahead of anything else.