President Trump signed into law the 2018 Farm Bill, which legalizes industrial hemp, which is a key source of CBD, after decades-long ban.
The signing ceremony represents the culmination of a months-long debate over various provisions of the wide-ranging agriculture legislation. But after the House and Senate Agriculture Committees reconciled their respective versions, the final Farm Bill easily passed in full floor votes last week.
Hemp legalization, a provision of the bill championed by Senate majority leader Mitch McConnell (R - KY), received bipartisan support, with members on both sides of the aisle celebrating its inclusion in the now signed law. This will now enable U.S. farmers to cultivate, process and sell hemp, the market for which is now a multi-billion dollar industry.