The Senate passed the Farm Bill on December 11, 2018, and on December 12, 2018, the House followed suit. This is a huge legislative package that reauthorizes agriculture programs and food aid; more specifically for us it also legalizes hemp and in turn, hemp-based CBD.
The house vote was 369 yea to 47 nays in a near sweeping win in support of this Bill. The next step will be the President himself, Donald Trump.
If you haven’t been paying close attention to the markets lately, there has been a good amount of confusion over what can and can’t be sold. Furthermore, this confusion has kept some investors (many in the US) on the sidelines. Essentially, the piece of the Farm Bill that matters most to us in the industry is the decision to legalize hemp.
Today marks another key and pivotal win in favor of cannabis market expansion and, as a result, could create a favorable climate for pot stocks; especially those dealing with CBD products. Though the President has expressed his favor, the final decision has not been completely confirmed until his pen inks the deal so this continues to be a developing story. Stay tuned for more on this and other breaking stories from MarijuanaStocks.com