DEA moves some CBD medicines off Schedule 1, a limited expansion of cannabis access

A sheet of cannabis marijuana in the defocus with the image of the formula CBD

The U.S. Drug Enforcement Administration has taken some cannabidiol out of the most restrictive class of controlled substances, a move that allows the sale of the first nonsynthetic, cannabis-derived medicine to win federal approval.

It’s a decision that immediately affects CBD producers but also signals the agency’s first admission that the plant has medical value.

The DEA announced Thursday that drugs including CBD with THC content below 0.1% are now considered Schedule 5 drugs, as long as they have been approved by the U.S. Food and Drug Administration.

It is the first time the agency has lowered any type of cannabis from Schedule 1.

Continue reading “DEA moves some CBD medicines off Schedule 1, a limited expansion of cannabis access”

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

hemp-580x440

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.

Continue reading “Merry Christmas: Hemp and Hemp-Based CBD Are Now Legal”

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

cr health

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.

Continue reading “Does the 2018 Farm Bill Legalize CBD in all 50 States or Not?”

Industrial Hemp is Now Included in the 2018 Farm Bill

hempy

In a move that marks a major shift in U.S. agriculture and drug policy, House and Senate lawmakers have come to an agreement over the status of industrial hemp in H.R. 2, The Agriculture Improvement Act of 2018. Known as the 2018 Farm Bill, H.R. 2 includes far-reaching provisions that lift the ban on hemp, authorize hemp production and research and amend the Controlled Substances Act. Furthermore, the reconciled version of the Farm Bill paves the way for the federal regulation of hemp-derived cannabidiol (CBD) extracts. For hemp CBD consumers, that would mean both better product consistency and quality and an end to the legal ambiguity of hemp CBD.

Illinois Governor Signs Bill Legalizing Industrial Hemp

pro-hemp-illinois-license-plate

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.”

Continue reading “Illinois Governor Signs Bill Legalizing Industrial Hemp”