Why Are Hemp Prices Still Falling?
In December 2018, the Trump administration legalized hemp at the federal level. Hemp is a type of cannabis that contains a lower amount of psychoactive THC and more CBD. Currently, hemp with less than 0.3% THC can be grown legally. CBD helps treat various medical conditions. In June 2019, Arcview Market Research and BDS Analytics estimated that the CBD market in the US would reach $20 billion by 2024.
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