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CBD, otherwise known as Cannabidiol, is a compound found in cannabis and hemp without psychoactive properties and it’s thought to have therapeutic benefits for everything from arthritis to seizures. While CBD can be isolated and derived from cannabis (or it’s not-as-fun brother hemp), the distinction is a fine line that allows for legal CBD products in many US states. However, CBD still isn’t entirely legal on a federal level.
CBD is already a $190 million business in the US, and if the latest farm bill passes, it could make hemp and hemp-derived products legal across all 50 US states on a federal level. By one estimate, the CBD market could reach $591 million in 2018, and grow to $22 billion by 2022 with the passage of the Farm Act.
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