While President Donald Trump signed the Agriculture Improvement Act of 2018 legalizing hemp for the first time since 1970, the legislation doesn’t legalize all forms of cannabidiol (CBD), a non-intoxicating component of both hemp and marijuana.

The Farm Bill, which was signed Dec. 20, 2018, and takes effect Jan. 1, 2019, will open a floodgate of new research and production of hemp-based products, hemp industry experts predicted.

The law removes hemp from its earlier status as a controlled substance. Instead of oversight by the U.S. Justice Department and its Drug Enforcement Agency (DEA), the U.S. Food and Drug Administration (FDA) will regulate the plant.

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