Is the CBD Industry Slowly Disappearing? – Orange County Register – Medical Marijuana Program Connection

Everywhere you look, there’s a sense of doom and gloom suffused into the CBD industry. Some of the most common complaints include:

– You can’t just sell low-grade hemp to anyone at artificially inflated prices anymore
– Shoppers are more discerning, making low-quality products harder to sell
– Federal regulation is still upcoming, rattling CBD brands that lack integrity

As you can see, none of the prognostications of disaster currently being hurled at the hemp market are founded in factual reality. CBD is not dying, disappearing, or anything of the like. The industry just isn’t as dramatic as it once was, and almost all of the bad actors have been weeded out.

How did this massive transformation take place? We’ll walk through the timeline below. Then, we’ll provide the market’s best predictions regarding the global white label CBD renaissance that’s about to take place.

The 2018 Hemp Boom

In 2018, everyone learned what CBD was, and lots of farmers decided they wanted to grow it the following season. The reason was a piece of legislation called the 2018 Farm Bill, which made it legal to grow hemp containing less than 0.3% THC in the United States for the first time since 1971.

Predictably, 2019 was a bumper year for hemp production. The bill passed at the end of 2018, so the following growing season, thousands of inexperienced and almost universally unprepared rural farmers switched out their genetically modified corn or soy crops for poorly sourced hemp…