The following commentary does not necessarily reflect the views of AgWeb or Farm Journal Media. The opinions expressed below are the author's own.
Paul is now part of the fourth generation in America that is involved in farming and hopes the next generation will be involved also. Through his blog he provides analysis and insight to farmer tax questions.
The 2018 Farm Bill removed Hemp as a controlled substance. This means that farmers with many restrictions can now grow hemp. However, the processing of hemp into CBD is still under FDA regulations.
Many assumed that since CBD came from hemp that there would be little or no regulations on the use of the product. For example, putting CBD into water is one option being explored currently. It is likely that FDA will consider this to be a "drug", therefore, it will have to meet their stringent rules on allowing it to be marketed.
The FDA issued a release on remarks by Dr. Sharpless last week on this issue.
Anyone interested in growing hemp and seeing how the CBD industry will be regulated should read the release.
Most states are in the process of coming up with rules to regulate the growing of hemp as outlined in the 2018 Farm Bill. However, these rules will not apply to the processing of hemp into CBD. Make sure you understand the difference.
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