Fifty-five years later, we’re watching the same playbook executed with surgical precision. The 2018 Farm Bill legalized hemp—cannabis containing 0.3% or less delta-9 THC—creating a legal market for CBD products, textiles, and agricultural materials. Entrepreneurs seized this opportunity, building businesses around hemp-derived cannabinoids that technically complied with federal law while producing intoxicating effects similar to marijuana.
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The cannabis industry does not need another study, another tax revenue report, or another state-level…