The U.S. made Hemp History with federal legalisation. Now one U.S. company is refining cannabinoids, which will change the future of hemp.
Despite hemp’s significant place in U.S. history, its resemblance to marijuana has always caused problems. The 1937 Marijuana Tax Act created a substantial downfall in the hemp and marijuana industries, due to the high tax rate on these plants.
During WWII, the U.S. government encouraged farmers to grow hemp, for the war effort. After thirty years, the Marijuana Tax Act was abolished, but only one year later, the Controlled Substances Act banned cannabis use completely.
In the nineties, a handful of states started to reintroduce hemp growing for medicinal purposes, going against all federal rules. With the enactment of the 2018 Farm Bill, all this has changed and a new era has begun.
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