While there have been some advances when it comes to medical marijuana in the state and been initiatives to make it legal for recreational purposes, recreational marijuana is still illegal in Montana. However, this doesn’t mean that you can’t benefit from the multi-billion cannabis industry. CBD, which is a very different product to marijuana, doesn’t have the same legal restrictions over it and is in very high demand. It is mainly used for its anti-anxiety and pain relief properties. If you’d like to know more about this product and how you can turn it into a business, here are a few things people in Montana should know.
What Exactly is CBD?
Marijuana and CBD are both derived from the cannabis plant, but this is where the similarities end. Both products have very different effects and do not act on the same receptors in the body.
Marijuana’s psychoactive properties can be attributed to a compound called THC, which is the reason for the high and some of the after effects. CBD, on the other hand, has none of the psychoactive properties of the plant and does not produce a high. Some CBD products can be derived from plants grown specifically for CBD or can be derived from hemp.
Is CBD Legal?
Yes, CBD and derived products are legal under the 2018 US Farm Bill, but it depends on how they were sourced. For it to be legal, the product must come from industrial hemp only and have a total THC content of 0.3% or less. This is why it’s very important to know where you get your products from.
Where can I Source it?
You can either grow it yourself, get the raw material and extract it yourself, or purchase extracts in bulk from a supplier. If you’re going to go for a supplier, you will have to make sure that you know where their product comes from and get a copy of the lab analysis so you that know the exact content and CBD concentration of any product you buy.
How can I Start a Business?
Wholesale CBD distillate purchased from a reputable supplier is one of the easiest ways to get started when used to make derived products. You can use distillate to make topical or edible products. You can also differentiate your product and use CBD extracts for other applications such as shampoos, beauty products, gels and capsules, and even dog treats. The most important thing is to make sure that you know exactly what is in your product and favor suppliers who run their own growth operation. This is the only way to know for sure that your products are fully legal.
The CBD business is booming, which opens up an opportunity for Montanans to take advantage of the green rush. If you have any questions about the product or the CBD business, we strongly suggest that you do more research and take advantage of the opportunities it offers.