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Expert Analysis

Farm Bill Gives Cannabis Companies Room To Grow

By Elaine Carey and Alexander Arnote ( February 5, 2019, 3:13 PM EST) -- Producers of hemp — cannabis with less than 0.3 percent tetrahydrocannabinol, or THC[1] — received some good news on Dec. 20, 2018, when the Agriculture Improvement Act of 2018,[2] commonly known as the Farm Bill, was signed into law, allowing legal hemp cultivation in America.[3] Provided the crop is produced consistently with the Farm Bill's provisions, it is removed from regulation under the Controlled Substances Act, or CSA. The market for hemp and hemp-derived products containing cannabidiol, or CBD, is expected to hit $22 billion by 2022, according to a report by Brightfield Group....

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