With the THC level of hemp raised to 1% in Minnesota, we can see that CBD is most commonly consumed all around the country.
Being legal throughout the US, CBD/cannabidiol is now everywhere. From CBD flowers to CBD creams and CBD cosmetics … welcome to the CBD cannabis world!
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1% THC: what happened in Minnesota?
It is a significant step forward for hemp producers in Minnesota. The State has just granted them the right to cultivate hemp with a THC level higher than the legal level initially planned through its revised hemp production plan. Growers in Minnesota – and everywhere else in the USA -can therefore produce plants with a THC content of no more than 1%, compared to the previous 0.3%.
Why is this good news? What motivated this relaxation of regulations?
Why allowing 1% THC hemp is good news?
There is indeed an interest in raising the THC level of hemp plants.
In cannabis, the levels of THC and CBD are proportional with a ratio of 1:30. This means that a plant containing more THC will also contain more CBD. For example, with hemp at 0.3% THC, you can get around 10% CBD. While with hemp at 1% THC, a producer can extract 30% CBD, that is to say, 30 times more than with a plant at 0.3%.
By raising the THC level of hemp to 1%, the State of Minnesota offers an excellent opportunity for producers to carve out a place in the coveted CBD market.
Hemp growers will also be able to develop their business with fewer constraints since the revised plan provides other relief, particularly concerning the extension of the deadlines for carrying out THC tests on the plants and a single annual penalty in the event of an indictment of intentional THC violation.
Less stringent rules benefit a growing US hemp industry
In the USA, the cultivation of hemp and CBD has only been legal at the federal level since the Farm Bill, signed in 2018 by Donald Trump during his term as President. This change has aroused the enthusiasm of many producers, which has proven to be counterproductive since the surface area of hemp fields has decreased by 2/3 between 2020 and 2021.
The very restrictive standards concerning hemp cultivation have probably been a brake for the farmers who preferred to withdraw.
Indeed, the distinction between industrial hemp and cannabis, two species very close to Cannabis Sativa L., was so complicated that even the federal agents in charge of narcotics control (DEA) were mistaken. Shipments of hemp flowers weighing several tons were allegedly seized wrongly by the DEA, thinking it was cannabis. In addition, many hemp farmers have been overwhelmed by the multiple contradictions between federal laws that legalize hemp and specific State laws that still prohibit the trade and even the transport of this type of merchandise.
Legislative complexity has therefore gotten the better of farmers. This is partly what motivated the revision of regulations and standards.
To date, the State of Minnesota has barely 461 hemp farmers with a production license, representing only 2.500 hectares of cultivated land against 90 million hectares for the cultivation of corn, Minnesota’s agricultural resource par excellence.
The CBD market around the world
As the months go by, the general interest in CBD (cannabidiol) grows across the globe. Its legalization by the European Court and more than 47 states around the world has only further reinforced this growing attraction around cannabidiol.
The virtues that we continue to discover a little more each day have made him the new star of cannabinoids. Especially since it has the advantage of only offering a very low level of THC, the famous psychotropic molecule found in classic cannabis, making it illegal.
So how is its market doing around the world? JustBob experts give you a brief summary of the situation.
With its gradual legalization across many countries worldwide, the CBD market is only growing a little more every day, with service and demand only increasing. In 2020, already, the turnover of the cannabidiol industry had been estimated by several professional firms at nearly 2.7 billion dollars.
But today, the democratization and the progressive sensitization of the population about this molecule attract tens of thousands of new customers a little more each day.
In 2020, in the United States, sales of CBD products amounted to nearly $4.9 billion. The rich and multiple properties of CBD have also enabled players in its industry to create different ranges of products based on this psychoactive agent derived from cannabis.
Cream, infusions, essential oils, liquid for electronic cigarettes, food, or even in the form of flowers: its forms can be plural. Its virtues are beneficial in various sectors such as medicine, agri-food industry, construction materials, cosmetics, and even pharmaceuticals (which by hand account for 43% of the total CBD market in the world ). It perfectly justifies the ever more substantial increase in its annual turnover.
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