The 2018 Farm Bill of USA will have effects across the world, including on the cannabis sativa extracts such as CBD industry in the UK.
What is the Farm Bill 2018?
The Hemp Farming Act of 2018 allows farmers to grow special strains of hemp with the goal of extracting cannabinoids and other medical products.
The most important change is the classification of hemp extracts as an agricultural commodity. It is great news for the agriculture of North Carolina, which can finally replace the losses given by the shrinking of the tobacco industry, starting with the ’80s.
The 2018 Act is a completion of the 2014 farm bill, increasing the liberties of hemp farmers and giving them more privileges. We expect many pilot programs to discover stronger strains of CBD, as well as other hemp extracts useful for the endocannabinoid system.
What does this act mean for the UK?
2019 will surely mark a major growth of the CBD market in the UK and Europe. Even with the uncertainties brought by Brexit, this American Farm Bill will increase the access of UK hemp importers in the UK. Many US cannabinoid producers are present on the UK market with different CBD packaging or with their own brands. This act will allow them to bring even more products to the UK market.
The 2019 CBD online market
For decades, the benefits of hemp extracts were shadowed by the hallucinogenic effects given by its ‘cousin’, marijuana. Since THC has been regulated by the DEA and FDA, it is now possible to obtain non-hallucinogenic and legal products such as CBD, legal on the UK online food supplements market.
The act has the potential to encourage the textile, farming and retail industries, as well as the recreative hemp extracts markets where those are legal.
CBD in the UK 2019
Many studies show the benefits of CBD on wellbeing. This valuable hemp extract has medical applications as well. Many businesses and farmers exploit the potential of cannabinoids, so classifying hemp as an agricultural commodity surely clarifies some legal aspects about this antique agricultural treasure of humankind.
The impact of the Hemp Bill Act 2018 on USA farmers
With the increasing need for hemp in the USA, it is normal for the local farmers to be encouraged. There is a need of $600 million in hemp covered by imports. These can easily be covered by local farmers, especially with this legislative benefits signed today.
It is good news for tobacco farmers waiting for their fields to be put in use again, and a recognition of the usefulness of hemp.
The Trump administration presents the bill as a Christmas Present, although it is a normal step which should have been done some time ago.
The 2018 Farm Bill is surely good news for the UK food supplements market. The results will not appear immediately, but it is expected for the number of CBD products from the USA to increase on the online UK market.
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