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The 2018 U.S. Farm Bill cleared the Senate and House this week.
And for many companies across the country, hopes are high… if you’ll forgive the pun.
This is one of the potentially transformative pieces of legislation for the cannabis industry. It would legalize hemp production across all 50 states, ending a more than 80-year prohibition on hemp in the country.
The passage is poised to spark a new agricultural boom.
The companies standing to benefit from this windfall are hemp-based CBD producers.
In this episode of CannaBiz Now! I speak with an executive from one of the companies at the leading edge of this industry… Isodiol International (OTC: ISOLF).
Isodiol is already a major player here and has a wide range of products.
But that’s only a stepping stone, as Director of Business Development Michael Silvia explains in the video above.
Currently, the hemp-based CBD market is between $600 million and $700 million. But that’s projected to explode to as much as $2 billion in the next 18 to 24 months.
From there – with help from the farm bill – growth will soar!
Shares of Isodiol have been surging recently on this enormous opportunity. So be sure to check out the interview!