The Top 3 CBD-Friendly States in the US
Amid regulatory confusion surrounding CBD, these three states have hemp-friendly laws and broad consumer interest.
The passage of the Agriculture Improvement Act of 2018 (the 2018 Farm Bill), legalizing hemp on a federal level and requiring states to implement industrial hemp programs, sparked a new “green gold rush” in the states. Entrepreneurs from all walks of life sought to capitalize on this green cash crop and industry that, in 2020, saw approximately $1.2 billion in total CBD product sales according to data compiled by Statista.
A common problem that hemp operator hopefuls often find, however, is navigating through the landmines of (often) conflicting state regulations and figuring out how they may operate their businesses. If they are not careful, hemp companies may face fines from state regulators, legal liability for selling non-compliant products, and even federal enforcement actions from agencies like the U.S. Food and Drug Administration (FDA).