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The bill, which extends farm programs and food assistance, gives lawmakers until Sept. 30, 2024 to develop new legislation that hemp industry members hope address several concerns.
Hemp-derived THC is readily available online and over-the-counter, and is cutting into legalized cannabis’ revenue despite growing state illegality, confusion over federal legality, and concerns regarding untested and unregulated products’ safety and potency.
In the wake of this flurry of business activity surrounding CBD, ingredient manufacturers advise that selecting the correct supplier and format is key to creating the best products.
CBD holds massive potential across every area of food and beverages. According to The Brightfield Group, the U.S. hemp-derived CBD market could hit $22 billion by 2022.