Hemp just became legal.
I say that because President Trump just signed the 2018 Farm Bill into law.
This bill – which passed through Congress last week – authorizes many expenditures laid out in the 2014 Farm Bill. It also removed industrial hemp from a list of federally controlled substances.
You see, the federal government classified hemp as a Schedule I substance up until today. That put hemp in the same league as heroin and LSD.
It’s completely ridiculous. But that’s now over.
Thanks to Trump, hemp is now considered an “agricultural commodity” like other commercial crops.
• This is great news for American farmers…
The market for hemp is already enormous.
Every year, the U.S. imports around $700 million worth of industrial hemp products. Most of that comes from China and Canada.
Plus, hemp is significantly more profitable to grow than soybeans, corn, or any other major cash crop.
In short, U.S. farmers now get to tap a huge and highly profitable market…and so can you.