A JPMorgan analysis using Euromonitor data projected retail sales of hemp-derived beverages of about $1.4 billion in 2025 and about $4.1 billion in 2028 if the 2018 Farm Bill loophole allowing intoxicating hemp products remained open.
January 01, 2025
high
temporal
These are market-sales projections for hemp-derived beverage products under a scenario in which federal restrictions on intoxicating hemp products were not tightened.
The Agriculture Improvement Act of 2018 (commonly called the 2018 Farm Bill) legalized industrial hemp at the federal level in the United States.
December 20, 2018
high
legal
U.S. federal policy on hemp and cannabis-derived products
The 2018 Farm Bill includes provisions that have been described as allowing certain hemp-derived products to be sold with intoxicating THC levels, a policy outcome some lawmakers seek to reverse.
January 01, 2018
medium
policy
Characterizes an interpretation of the 2018 Farm Bill's effect on hemp-derived cannabinoid products and related regulatory concerns.
The 2018 Farm Bill included a legal framework that allowed hemp-derived products containing low doses of intoxicating THC to be sold.
January 01, 2018
high
temporal
The 2018 U.S. federal Farm Bill legalized hemp and created regulatory conditions that enabled some hemp-derived, low-dose THC products to be marketed legally.