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2018 Farm Bill Passed

Posted by CBD Drip on 12/26/2018 to CBD Education
2018 Farm Bill Passed
This law allocates billions of dollars in subsidies to American farms and allows them to apply for crop insurance. It also opens up CBD manufactures and sellers financial services from banks to process credit cards. Credit card processors in the past frequently cut services from CBD businesses without any warning and really put their businesses in jeopardy. It used to be a cat and mouse game to process payments, but not any more. The beauty of this farm bill allows small businesses to sell products without hiding. 

Big box retailers like the Walmarts, C-Store chains and Ritaids of the world are scheduled to begin discussing and strategizing which brands they want to begin carrying. This bill will remove the hurdle CBD companies share with marijuana companies and could trigger a CBD explosion. There was a 80% growth in the CBD industry this year and expected to hit $22 billion by 2022.

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