Have you noticed the local convenience store starting to sell CBD products?
The sudden emergence of these types of products is very confusing. After all, America has been knee-deep in a War on Drugs for decades. For years, hemp has been considered an illegal plant.
Yet, the tides are changing. More people are seeing the value of the plant, and even more are investing in hemp. Read on to learn all about the plant’s progress over the past few years.
The Legality of Hemp and Hemp Products
So, what exactly is hemp? Isn’t it the plant that produces the drug marijuana? Isn’t it illegal?
These questions are important to answer if you’re considering investing in hemp.
Here’s what you need to know — hemp and marijuana are similar, but they aren’t the same. They both come from the cannabis plant. Both contain THC (the cannabinoid that gets you high), but hemp has very low levels.
The hemp plant itself can’t get you high.
Despite that, the hemp plant became illegal when the Marijuana Tax Act passed in 1937. Due to the change, hemp-related products disappeared from the market. So, why are you starting to see a resurgence of these products as of late?
It’s all thanks to the Agriculture Improvement Act of 2018. This important federal bill legalized the production and distribution of hemp.
If you’re thinking of investing in hemp, then you can feel assured that it’s legal and safe to do so.
The Many Uses of Hemp Plants
If the hemp plant doesn’t produce marijuana, then what exactly is it good for? You’ll want to know all about the uses of hemp plants if you’re considering investing. Here’s a list of some of the most common uses for hemp:
- Use as a fiber (stronger than cotton)
- Creation of paper products
- Plastic substitute
- Source of nutrition (protein)
- Fuel
- Paint
- Detergent
- Ink
- Lubricating oil
- Medicine
- Clean-burning ethanol fuel
One of the most intriguing of these uses is the plant’s potential as a medicinal source. Hemp’s CBD, which isn’t psychoactive, can get extracted and transformed into oil.
When consumed, it has incredible impacts on the body. Many upcoming CBD businesses have even gone so far as calling the plant a ‘miracle.’
Regardless of how you feel about marijuana, that kind of claim is worth investing in to. Learn more about how to get started below.
How to Start Investing
If you’re ready to start investing, then it’s important to find a hemp business you trust. You need to verify that their production and distribution is legal.
Research the different hemp stocks on the market, and take your pick.
Investing in Hemp is Investing in Your Future
The hemp plant has a lot of potential, so investing in hemp is a great option for boosting your passive income. Using this guide, you can feel confident in starting an investment plan today.
Are you interested in learning more about the incredible properties of hemp? Check back on our blog on a regular basis to see more of our latest content.