What The Passing In The Senate Means
If you’ve been following the fight for legalizing cannabis for any length of time, it feels like we are taking 2 steps forward and 1.9 steps back.
It’s been a little push forward here and a little push back there.
It’s been nothing but a complete grey area for cities, states, businesses and the government.
Well… today was a HUGE step forward with not much room for taking any steps back.
You see, ALL of cannabis and its derivatives (hemp and marijuana) are considered a Schedule 1 Drug. That means they have no medicinal value and have a high potential for abuse.
The law says CBD oil is more dangerous than heroin.
We all know that is not true.
We all have heard the stories about people who have tried CBD and are getting amazing results.
We’ve all seen the studies coming out about the medicinal benefits of hemp and CBD.
We even know the FDA approved a CBD based drug for stopping seizures.
So why is the passing of the 2018 Farm Bill in the Senate so important?
To answer that, let’s first start with where we’re at today.
The 2014 Farm Bill
In a nutshell, the 2014 Farm Bill allowed certain businesses or organizations to work with hemp, and its derivatives, in a ‘research’ capacity.
This means companies, or farms, could produce hemp and create products from hemp to be used for research purposes, and medicines, etc.
Well, the ‘etc’ turned into the birth of the hemp and CBD revolution that’s currently taking place today, and it’s only getting bigger.
We were given an inch, and we took it not just a mile, but 100 miles.
Companies have come out with CBD oils, edibles, cosmetics, sodas, waters… anything you can think of.
CBD is the hottest trend right now, and it’s everywhere!
A multi billion dollar industry is being created with what is really a grey area of the law.
And having a grey area means the waters aren’t always smooth.
Legal Issues With The 2014 Farm Bill
There’s been a ton of progress, but there have been tons of problems with legal issues too.
In some states, cannabis and CBD is perfectly acceptable. In others, not so much.
Some cities are not on board for various reasons in states where cannabis is legal. Furthermore, certain cities won’t allow any cannabis activity while others have a free for all.
Many farmers can’t get crop insurance, and take payments in cash.
Certain businesses can’t sell online because they can’t get merchant processing, or they can’t get a bank account… if they try to operate legitimately.
Many products aren’t properly regulated and tested, so people really don’t know what they’re getting.
Education is still in its infancy with Cannabis, as many people think they can get high taking CBD. (THC is what gets you high, not CBD).
It’s really the wild west right now.
The analogy is the people who are in this industry are building the plane as they’re flying it.
The 2018 Farm Bill
On to the present day, and good news!
The key part of the 2018 Farm Bill is that hemp will be permanently removed from the Controlled Substances Act (CSA).
It will forever be deemed an agricultural commodity, no longer mistaken as a controlled substance, like marijuana.
And this includes all of hemp’s derivatives too!
This means hemp-derived CBD, which is what all hemp oil / CBD oil is today, will be removed from the CSA.
This means that the prohibition on hemp will be over. Gone. Kaput.
This means that big money and big corporations who’ve been waiting on the sideline ready to act will now make their moves.
This means that more money will be devoted to research like growing techniques, extraction methods, and so much more.
This is BIG… This is HUGE!
Can we get an amen!! 🙌
The Benefits Explained
Here’s a list of some of the other benefits with the 2018 Farm Bill.
- The DEA can no longer interfere with the interstate commerce of hemp.
- Banks should start opening up accounts to hemp merchants.
- Businesses should be able to get merchant services at competitive rates.
- Advertising platforms should loosen restrictions on hemp products and services.
- Hemp farmers can finally access crop insurance and fully participate in USDA programs for certification and competitive grants.
- Cities and states will fall in line and collect much needed taxes on legitimate hemp products.
- Regulations of products and quality controls will adopt faster and be more widely monitored.
As you can see, there’s a lot of benefits of the passage of this bill.
But it’s not all great news…
A Word Of Caution
One key component is the FDA still keeps jurisdiction over the regulation of all hemp and its derivatives.
Why is this important?
Well it really depends on if you believe the FDA has your best interests in mind, or not.
What if the FDA says that all hemp-derived CBD has to come from a licensed grow, and the only grows that are licensed are owned by Big Pharma companies like Bayer, which is formerly Monsato.
It could happen.
We pray it doesn’t, and we think it won’t, but you never know.
Big Pharma has deep pockets, and corruption to go with it. Furthermore, they don’t like losing money and they want to keep a stranglehold of forcing people to use their prescription meds.
It’s a good thing people are getting wise to the truth that little white pills are bad and natural medicines from Mother Earth are good.
It’s Not A Law… Yet
This is just to remind you at the time of this writing, only the Senate has passed the 2018 Farm Bill.
It still has to go through the House of Representatives and pass there, and then be signed into law, which President Trump has indicated he will do.
So by the time you read this, things may be dramatically different, and the law will probably be passed, but at least you have a good foundation of how we got here, but more importantly how beautiful the future looks for hemp and its derivatives.
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