RIGHTINGTHE FDA’SWRONG
species, Cannabis sativa . But they are separate strains with distinct compositions and uses. Hemp has negligible concentrations of THC. It’s pretty much impossible to get high from hemp. It also has a higher CBD content than marijuana. This is why it’s particularly useful for producing CBD oil. And that’s where the opportunity is… In 2018, U.S. Senate Majority Leader Mitch McConnell – the most powerful Republican on Capitol Hill – introduced a bipartisan bill to legalize industrial hemp nationwide. It was later incorporated into H.R. 2, the Agriculture Improvement Act of 2018. The bill passed the Senate in late June in a landslide 86–11 vote, and it was signed into law by President Donald Trump last December. Because of its overwhelming bipartisan support, I expect big business and big investors, who have largely been on the sidelines, to pour massive amounts of money into the space in the months to come. It’s going to unleash a huge legal hemp industry in the U.S. and turbocharge the CBD market. Nick Giambruno is chief analyst of Casey Research’s flagship advisory, The Casey Report and its premium value- investing advisory, Crisis Investing . He writes about geopolitics, value investing in crisis markets, the global cannabis market, international banking, second passports, and surviving a financial collapse, among other topics.
Coca-Cola says it is interested in producing CBD-infused beverages that could be used to treat inflammation, pain, and cramping. Clearly the CBD industry (itself part of the cannabis oil segment) is on the verge of an explosion. Here’s the bottom line... The U.S. CBD market itself could easily grow 10 times larger in the coming years. Shares of select publicly traded companies in the CBD industry could surge even higher . Let’s take a closer look at why the CBD boom is imminent... THE FEDERAL LEGALIZATION OF HEMP If you’ve wondered how CBD can be sold online and in specialty stores while cannabis is still strictly illegal at the federal level, you’re not alone. It’s a muddled gray area. Even the Drug Enforcement Administration (DEA) and the courts are confused. Allow me to clear up some of the confusion... Until recently, in the DEA’s eyes, CBD was just a derivative of marijuana, which is already a Schedule 1 substance. That’s of course bad news and seemed to place CBD in the most restricted category... even though it has no intoxicating effects. However, in addition to marijuana, CBD can also be derived from the flowers and leaves of industrial hemp. Hemp and marijuana are the same plant
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