'A new cash crop': Florida readies for billion-dollar hemp market - Cannabis News

Fresh from entering the medical marijuana market, Florida now envisions taking a healthy slice of the anticipated $22 billion market in hemp.

The “no-high” variety of cannabis used to make “CBD,” oil and other products derived from hemp, became legal in the U.S. in December. Demand for CBD products -- thought to help with anxiety, insomnia and chronic pain — has been swelling nationwide.

The newly passed 2018 Farm Bill made hemp legal on a federal level and removed hemp from the “controlled substances” list.

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Marcia Heroux ~ South Florida Sun Sentinel ~