The recent Farm Bill enactment has made the trade and use of hemp and its derivatives legal in the US. Anyhow, states have their own laws regarding CBD in US cannabis buds. In some states, there may be legal hurdles to wannabe entrepreneurs that do not exist elsewhere. That is to say, it is easier to become a CBD business owner in the former states than in the latter. Here, we will look at some of those American states where it may be a good idea to cultivate hemp and trade cannabidiol.
It is among the leading states in hemp regulation. Besides smokable industrial hemp, legal products with cannabidiol in US state include food, cosmetics, and dietary supplements that meet some requirements. As per CNBC, the US state of Colorado has long been breaking hemp sales records.
The CDA is the state’s regulator for the process of cultivating the plant as an agriculture-related commodity. Are you interested in becoming a hemp grower here? If yes, know that the CDA requires getting a certificate from the state that would authorize you to do so on specific land. As per 2020 data from Hemp Grower, the state set aside 37,841 acres outdoors and about 13 million sq. ft. indoors for hemp’s cultivation.
For producers, former Governor of Colorado John Hickenlooper signed Senate Bill 18-205 into law, thus further expanding 2018 hemp regulations. That allows producers that follow certain rules to utilize every hemp part in the form of a food component.
For instance, hemp food producers can import the plant for production, but its origin must be one of these two places.
- A state where hemp program is not just approved but also established
- A nation that regulates or inspects hemp in a program for food safety (equivalent criterion) to confirm safety for our consumption
It first enacted legislation enabling hemp production eight years ago. Since the Farm Bill’s enactment, the VAAFM has been regulating not just hemp’s cultivation and processing but also commerce.
Instead of banning CBD’s use as a beverage or food additive, it has taxed the product (unless it comes in taxable meals). Anyhow, cannabidiol labeling requirements here are stricter, more comprehensive as compared to Colorado. Despite the requirements, the state’s lower licensing fees for growers drove considerable interest in its program. Anyhow, there seems to be an ongoing need for industrial hemp processors here, which is a growth opportunity.