Tag: hemp

Business, Nature

Is CBD Oil Legal in 50 States of the USA? – 2020

John Ejiofor / March 19, 2020

Image by Julia Teichmann from Pixabay The controversy surrounding legal medical marijuana has effectively turned it into the most popular topic across the country. Continuous efforts are being advocated towards legalizing CBD in more states of the USA.  Virtually every American is curiously keeping up with the news about it and looking for the answers to questions such as: “Which state would be the next to fully legalize marijuana? Who will be the latest politician to introduce the bill for legalization? The U.S. is inundated with these politically debatable questions. The politics in the U.S. may be rightly said to have been centered on the legislation of marijuana as some states were won over based on this premise. This scenario could have played out in the 2016 election, which proved not to be the best of elections for many reasons but was probably the reason for the victory (legalization of recreational weed) in the four states of Maine, California, Nevada, and Massachusetts.  Before this time, Colorado and Washington had legalized it in 2012. And they were later, in 2014, joined by Alaska and Oregon to become a part of the group of legalized weed states. Vermont was to follow on their heels in…

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Marketing

A Rundown of The 5 Easily Marketable CBD Oil

John Ejiofor / June 6, 2019

For anyone looking to start up a small business, CBD oil presents an attractive opportunity. Because it only recently became federally legal, no one player dominates that field. And with sales expected to hit $22 billion by 2022, there’s still room for more companies to take a piece. You do; however, need to do your homework. Under regulations from the 2018 Farm Bill, CBD oil is only federally legal if it comes from industrial hemp, which contains no more than 0.3 percent THC. Cannabis that contains more THC is still illegal because that’s the stuff that gets people stoned. You also need to understand the restrictions on marketing it. Its legal status in some U.S. states still isn’t clear, which has made some advertising venues cautious. As noted elsewhere on this site, some social media companies are among them. But such is the popularity of CBD that political pressure will likely overcome these obstacles shortly. In the meantime, read up on the best types of CBD oil to sell, and what they can do. 1. CBD tinctures Tinctures are very popular in the CBD market because they’re fairly fast-acting, long-lasting, and flexible. While these are sometimes labeled “hemp oil,” the…

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Business

7 Areas Government Policies Could Affect the CBD Industry

John Ejiofor / April 24, 2019

The growth of the legal hemp industry has spun a new market with less legal bottlenecks. Short for Cannabidiol, CBD is a byproduct of the industrial cannabis plant that does not contain the THC, the cannabis property that gets consumers high. With a reported growth projection of $22 billion by 2022, the CBD industry is too big to sniff at. Everyone is interested in taking a bite of it. Analysts have called it the next gold rush, and it’s proving to be one. And the government is not looking away from it. In fact, in America, like in many other advanced countries, the government is deeply interested in the CBD industry. With the US government highly invested in the control of the CBD industry, expect to see policies impact its growth over time. Preparing towards these impacts can help the true entrepreneur better navigate the challenges the CBD industry will pose and build a thriving business out of it. 1. Distribution Even though the 2018 Farm Bill passed by President Trump legalizes the use and sale of CBD across all 50 states, the distribution of cannabis products is still under serious restrictions. FDA Commissioner Scott Gottlieb, M.D., on signing of…

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Social media

Social Media Advertising Bane of The Big CBD Boom

John Ejiofor / April 17, 2019

The assent given by President Trump to the 2018 Farm Bill has thrown the U.S. marketing landscape into a frenzy and why not so? CBD is projected to rake in a staggering $23 billion by 2025. This, however, is fraught with some bottlenecks especially as it regards social media advertising. Vote Hemp’s report, that the total of 23,343 acres of hemp farmed across the nation in 2017, more than doubled in 2018, to 77,000 acres from over 3,500 participants is an indisputable sign that the CBD market is in for a big boom in years to come. This is in addition to the observation by the Federation of American Scientists who reported that the number of imported hemp from Canada and China is on the decrease, it was $67.3 million in 2017 compared to $78.1 million in 2015. Farmers are buoyed to invest more in hemp as a result of provisions in the Farm Bill that guaranteed them crop insurance, interstate transportation of their products, and basic banking facilities which are very vital but were only available to the typical and traditional farmers. There are high expectations of exceptional and bumper harvests and higher investments by brands in the CBD…

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Business

How to Get a Big Chunk of The CBD Largesse

John Ejiofor / March 7, 2019

Cannabidiol (CBD) is the rave now and expectedly so since any industry that can rake in a projected $23 billion by the year 2025, is more than worth having a crack at. The recent global interest on CBD stemmed from the signing of the 2018 Farm Bill into law by President Trump in December. That singular act of President Trump has sent the hemp industry into an economic frenzy of a mammoth dimension. Over 25,000 products which include automotive parts, construction materials, food and beverages, furniture, cosmetics, and the textiles are hemp-based. Why all the fuss? The 2018 Farm Bill empowers you to cultivate hemp broadly, not like the 2014 Farm Bill that permitted cultivation for simply pilot programs for studying market interest in hemp-derived products. It expressly permits the transportation of hemp-derived products across state lines for commercial or other purposes. The hitherto restrictions placed on the sale, transport, or possession of hemp-derived products have been removed, provided you produce the items according to the manner stated in the law. This is a golden opportunity, a once in a lifetime chance you can’t allow to fritter away. The slot is open for all comers — corporations and individuals, and…

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