December 11, 2018
On February 7, 2014, President Obama signed the 2014 Farm Bill (the “Bill”) into law. The Bill would prove to drastically accelerate the growth of the cannabidiol (“CBD”) oil market. In particular, the Bill included a provision that allowed farmers to grow “hemp” through permits provided by institutions of higher learning or state agricultural departments. Pursuant to the language of the Bill, Hemp was defined as any part of the Cannabis sativa L. plant that contained no more than 0.3% of Tetrahydrocannabinol (“THC”), on a dry weight basis. The CBD oil business is now projected to be a $1 billion market by 2020. What are some of the CBD oil marketing regulations that exist today and where are we headed?
How do marketing regulations effect the CBD oil industry?