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- The US Farm Bill passed on Wednesday legalizes hemp, a plant that’s roughly identical to marijuana and is a key source of highly touted wellness ingredient CBD.
- The bill defines hemp as an agricultural product for the first time and amends a major drug law that hadn’t been altered in 50 years.
- Experts said the shift could spike interest in CBD, which is also the active ingredient in the first cannabis-based medicine to gain federal approval in the US.
- Despite its hazy legal status, CBD already makes up a roughly $ 1 billion industry.
This week, a plant that’s nearly identical to marijuana is set to become legal to grow in the US.
Thanks to the US Farm Bill, which the House passed on Wednesday in a 369 to 47 vote, American farmers will be able to plant and harvest hemp, a strain of the same plant species from which marijuana originates. The bill passed the Senate Tuesday in an 87 to 13 vote, and President Donald Trump has indicated his support.See the rest of the story at Business Insider
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