The Year In Hemp For 2022: The Decline of CBD - Nothingbuthemp

This year witnessed the continued decline in CBD's fortunes, leaving many insiders wondering where the industry goes from here. Once the darling of the hemp industry, CBD is still experiencing a breathtaking economic fall, with supplies far exceeding demand for the hemp-derived oil seen by many as a transformative and healing ointment. The truth is that since hemp was rescheduled as legal once again by the 2018 Farm Bill, the industry has been overtaken by "charlatans" and speculators more interested in exploiting the unique and still vastly misunderstood plant for quick monetary gains. In their race to amass as much money from the "CBD craze" as possible, the financial sharks overwhelmed and bullied those more concerned with a longer-term view of how to maximize hemp's potential as an agricultural product capable of providing food, construction raw materials and a wide array of health and wellness offerings. As a result, analysts and stock market infl...