The passing of the Farm Bill last year was big news not only for the world of cannabis but for CBD and hemp in general as well. Not only was this a landmark passing for a bill of its type, but it has also helped to completely shift the way in which the nation thinks about marijuana broadly. For those who don’t know, the new bill has allowed several factors to take place in the U.S.

Some of the things that the Farm Bill have done so far include everything from removing the low THC amount in hemp from the Controlled Substances Act as well as other factors. THC, which is the main component that gets users high in marijuana, is banned on the Controlled Substances list which is what makes marijuana illegal.

The bill has completely shifted this and now allows for CBD, the non-psychoactive component of cannabis and hemp, to be grown and exported around the nation. The bill also allows the production of hemp in all fifty states as well as the extraction of CBD and more. Hemp, however, is quite a familiar substance to the U.S. Since the days of the founding fathers, we have grown industrial hemp in the U.S. for everything from textiles to rope and more. For some time though, it remained quite difficult to navigate as to how to grow it legally and produce CBD.

The CBD side of the battle is one that has been taking charge. CBD is a substance that has been studied over the past several years and has shown the potential to treat everything from body pain to nausea and potentially certain types of cancer. In this way, it has been deemed to be quite a miracle drug for those who need it or those who choose to use it.

One of the newest ways to use CBD has been in edible form. Many companies have been working to formulate everything from drinks to pills and more that all contain this miracle substance. While CBD can be processed from the marijuana plant, using industrial hemp to do so is much more effective and is a way to ensure all is legal throughout the nation. Companies can now begin to farm the substance and export their product around the fifty states which is quite different than how it has been for some time now.

The passing of the Farm Bill also has some aforementioned positives that make it quite a big deal. The bill, while not totally dealing with cannabis, shows that the country may be entering a period of more acceptance for marijuana on a broader scale.

The hopes are that this could begin to get the ball rolling on federally legal cannabis which is something that many have been waiting for. Although this did pass several months ago, the implications for its passing are only now being felt throughout the industry, and they continue to reshape history and what the future of hemp, CBD and cannabis could look like.

The past week has been extremely exciting for the world of cannabis. With the passing of the Farm Bill into law back toward the end of December, the marijuana industry has received some much-needed notoriety. Although this is not directly involved with the cannabis industry, it is definitely a step in the right direction.

With the passing of the bill, many marijuana stocks have been able to benefit greatly. Some have even stated that they may begin to move into the legal hemp industry in the U.S.

The Green Organic Dutchman (TGODF) (TGOD) is one of the major growers of cannabis in the industry. TGOD has been working to up their production of cannabis and currently has a fully funded capacity of as much as 170,000 kilograms. With over 1.38 million square feet of grow space in the works, TGOD is leading the fight for producing as much cannabis as they possibly can.

The Green Organic Dutchman has also seen an almost 20% gain since the end of December which has attracted quite a large amount of investors. With the passing of the Farm Bill, the hopes are that TGOD may move into the production of some CBD based products but only time will tell.

Aurora Cannabis (ACB) is another one of the primary players in the marijuana industry, and one that could benefit greatly off of the new legislation. Aurora has seen a large amount of volatility which may detract from how some investors feel about the company, but regardless their potential cannot be ignored. The company responded quite positively to the news of the bill’s passing, which could signal a move into more CBD related products and potentially the growth of hemp. Aurora has however been working to move their industry into the international space in places such as Mexico and Colombia. All of this makes Aurora a solid play for the marijuana stock market as a whole.

Cronos Group (NYSE:CRON) is one of the most well-known cannabis companies in the industry. Cronos is also considered to be one of the leaders in the market as they are in the top three in terms of market share. Cronos has been working to recover stock prices after the year-end bearish sentiment that swept the industry. This, however, was not only characteristic of cannabis, and rather filled the whole stock market with a bout of volatility.

After the announcement of the Farm Bill’s passing, Cronos saw their stock shoot up by as much as 5%. This is, of course, a signal that much of the marijuana industry is still responding to speculative trading rather than trading off of intrinsic value. Of course, this should hopefully shift as the market is able to become more mature in the future, but it is still something to consider.

The Farm Bill is only one step in the right direction for the world of marijuana. Although it does not directly involve the growth of cannabis, it does have a similarly associated taboo that is shared with the illicit nature of marijuana. The next year should remain extremely exciting as we move into a future with hopefully more widespread acceptance of marijuana.

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