The nation’s marijuana regulator has told financial institutions to treat the $500 million hemp businesses the same way they would any other businesses.
Last month, Volteface launched its most recent reform campaign, to allow British hemp farmers to benefit from the ever-growing CBD market. Most people, who have never looked into cultivating hemp, probably don’t realise the severity of the restrictions placed on the industry. So, we are outlining current UK hemp legislation and what this means to the industry.
Hemp legalization under the 2018 Farm Bill unleashed unexpected markets for the crop. One unexpected market: people are consuming hemp the way they often consume its higher THC cannabis cousin—by smoking it.
Any hemp food product on the market has less than .03% THC. It would make me giggle when teenagers from the local high school would come into the store and buy a 1lb bag of hemp protein for $30. Despite my insistence that there was “NO THC” they would buy the bag and no doubt attempt and smoke what was… ground up hemp seed and hulls. We all have heard the story about some guy who thought it would be smart to throw a hemp shirt into the fi re at a party in an attempt to get everyone high…alas, miseducation has failed to provide many with the high that they sought. In order to prevent any future foiled attempts at getting high, I would like to set the record straight.