Trump signed the US Farm Bill into law which legalizes hemp

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On Thursday, Trump signed the US Farm Bill into law which legalizes hemp a key source of highly touted wellness ingredient CBD.

American farmers will be able to plant and harvest hemp, a strain of the same plant species from which marijuana originates. The bill passed the House last week in a 369 to 47 vote; it passed the Senate the previous day in an 87 to 13 vote.

The move changes the language of a drug law that had been unchanged for a long time and loosely defined hemp alongside marijuana as a controlled substance.

The new bill exempts hemp from that law and defines it as an agricultural product. That means farmers and researchers of hemp now get some of the same benefits as farmers and researchers of other crops, like the ability to apply for insurance and federal grants.