International hemp is big business. There are all kinds opportunities around import, export, production, processing, and sale of international hemp and hemp products. We handle these inquiries on a weekly basis, and have since 2018 when the federal government legalized the cultivation of hemp with the passage of the 2018 Agricultural Improvement Act (“2018 Farm Bill”).
Although the 2018 Farm Bill has led to bigger and better international hemp opportunities with import and export, it’s done nothing to improve the legal status of cannabidiol (“CBD“) from a federal perspective. Here in the U.S., the manufacture and processing of hemp into CBD is a robust industry that makes its home in a legal penumbra because of the Food and Drug Administration (“FDA“). We’ve written about the topic many times–see here, here, and here. Even though various states permit CBD in food and beverages, the FDA isn’t a fan and takes the position that CBD in food and beverages violates the Food, Drug, and Cosmetic Act.
Increasingly, the U.S. isn’t really a world-leader on things like the federal legalization of cannabis or progressive reform around international hemp and CBD on the federal level. Other countries are surpassing us (see here). One of those