Merry Christmas: Hemp and Hemp-Based CBD Are Now Legal

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This has been a transformational year for the cannabis industry, one that investors will possibly never forget. Although it’s been a bit rough on the investment front, with the Horizons Marijuana Life Sciences ETF, a basket of more than four dozen pot stocks, losing approximately 40% of its value, 2018 has been a year of gained validity for the cannabis industry.

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Does the 2018 Farm Bill Legalize CBD in all 50 States or Not?

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After the U.S. House and Senate easily passed the $867 billion 2018 Farm Bill, headlines began cropping up immediately about the language within that officially ends decades of senseless prohibition of the hemp plant.

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Illinois Governor Signs Bill Legalizing Industrial Hemp

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Gov. Bruce Rauner on Saturday signed a bill legalizing industrial hemp, adding Illinois to a growing list of states that allow the growth of cannabis for non-drug purposes.

“Legalizing the farming of industrial hemp just makes good sense,” Rauner said in a statement. “Roughly 38 states — including our neighbors in Wisconsin, Kentucky, Indiana, Missouri and Tennessee — have allowed or are considering allowing cultivation of this crop for commercial, research or pilot programs. Our farmers should have this option as well.”

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