The CBD industry is in mourning. It feels as though it died in 1 day. Whereas one week ago, you may have been walking down the street, seeing all kinds of CBD products on storefronts (and perhaps you still will for a minute or two), today everyone who has invested, or made a livelihood, employs people in hemp farms, or works in a hemp farm, is sad, in disbelief, and many might soon be at risk of losing their entire crops and potentially even their freedom.
But I See CBD Everywhere. I Heard It Was “Here” to Stay. What Happened?
Several pilot programs for growing hemp for CBD initiated thanks to the 2014 Farm Act. Private research and development allowed for great innovation, as cannabis plants began to be bred for their healing CBD properties rather than the psychoactive THC (the “high” component that is still illegal in most states; I believe states where marijuana is legal will be somehow affected by this but not as much). Proprietary genetics companies that were trusted by both farmers and consumers flourished, such as Oregon CBD (read their own statement here on the mourning of CBD; they also do a great job at explaining the new testing requirements which is what farmers feel has “destroyed” the industry). The 2018 Farm bill, signed last December 2018, allowed for small businesses, groups of farmers that had previously farmed less lucrative crops, horticulture students in universities, and entrepreneurs to get licensed and thus begin growing, processing, and selling this wonderful plant to the public. As my husband who is a farmer calls it, “It was the first time in a hundred years that the government finally said – okay farmers, here’s a NEW crop, grow it, research it, distribute it safely.” It was an exciting time for everyone. Of course, as in any new industry, without proper regulation we are subject to humans making grave mistakes. Some people (a lot, actually) took advantage of this industry and sold CBD “flower” that wasn’t as premium as they claimed it to be, CBD “flower” with the inc