From controlled substance to a billion-dollar industry
Federal hemp laws and hemp regulations have changed drastically in recent years.
Hemp-derived supplements are no longer taboo in our culture, but federal guidelines can still seem ambiguous and filled with gray areas. Let’s track the history of hemp-related legislation, look at laws currently in place, and consider the future of the hemp-CBD industry.
Table of contents
Hemp Laws & Regulations Timeline: United States
1970: The Controlled Substances Act
This Act criminalized the possession, production, and use of cannabis, including hemp.
Although hemp and marijuana are different plants, they were considered one and the same (and equally dangerous) in the eyes of the U.S government. This Act also deterred scientific research on hemp and marijuana and their potential health benefits. Although some aspects of the original Act have been updated, this legal landscape surrounding hemp regulations remained intact until very recently.
2014: The 2014 Farm Act
Essentially, this 2014 bill made it legal for individual states to cultivate and research industrial hemp. States created Hemp Pilot Programs, and farmers were required to register under their State’s program and adhere to guidelines from their state’s Department of Agriculture. Furthermore, this hemp law required that all products must contain less than 0.3% THC.
2018: The 2018 Farm Act
The 2018 Farm Bill made it federally legal to grow, possess, use, and sell hemp (containing less than 0.3% THC) in all 50 states. This revolutionary bill upended hemp regulations regarding the research, cultivation, manufacturing, and sale of hemp and hemp-derived products.
2020: A Billion-dollar Hemp Industry
The 2018 Farm Act opened the door to products such as hemp-CBD for humans and CBD oils and chews for pets. In recent years, the United States hemp market has grown into a billion-dollar industry and is expected to double in size by 2022 due to the updated hemp laws.
2025: $10 Billion Worldwide
The global hemp market is expected to generate $10.6 billion annually by 2025. This rapid growth will continue to shed new light on this powerful plant and unlock more benefits of hemp and hemp-derived CBD for humans and their pets every day.
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