HempCBD Investor Magazine Issue 1 - November 2019 | Page 37

Amidst all this, it should not be forgotten that the passing of the Farm Bill back in 2018 has proven to be another huge boost for the CBD industry in the United States. The Farm Bill has now made it legal to cultivate hemp in the country and hence, many companies have gone into hemp production in a big way. In addition to that, the more important development is that the market for hemp-based CBD has expanded vastly over the past months.

AEC Consumer Products only uses Hemp based CBD in order to provide the overwhelming benefits of CBD without psychoactive elements. Many other cannabis companies which had been primarily involved in marijuana-based CBD products are following this initiative and have expressed their willingness to eventually go into hemp-based CBD as well. The Farm Bill has proven to be another injection for growth in the CBD sector and it is only a matter of time before other companies aggressively enter the sector.

It is quite clear that the CBD industry is going to grow at a tremendous pace in North America in the years to come and, for companies like AEC Consumer Products, it can only be a good thing. One more thing that needs to be kept in mind is the fact that it is still a nascent industry with only a handful of big players and has the potential for generating exponential growth. In such a situation, it is perfectly possible for certain companies to grow at a highly impressive rate and generate significant returns for its investors.

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