Growing hemp was replaced with tobacco, soy, and cotton. In the 1990s, anti-smoking campaigns had hurt tobacco sales, and in 2004 the federal government ended the Depression-era subsidy program for tobacco farmers with payments ending in 2014.
With the signing of the farm bill, hemp growers aren't limited to growing hemp for only fiber and industrial purposes, but also for one of the plant's active compounds Cannabidiol ( CBD).
CBD oil has been used to treat medical issues ranging from epilepsy to insomnia, as well as anxiety and chronic pain. Some predict the CBD market is expected to grow to $22 billion by 2022, a more cautious report expects the number to be closer to $646 million. Either way, it's an up-and-coming product for the hemp grower.
