Louisiana CBD Legalization Could Boost State’s Economy

Louisiana CBD Legalization Could Boost State's Economy
Last week, Governor Jon Bel Edwards signed the amended House Bill 491 (HB491), which legalized the sale of CBD products that contain less than 0.3% THC content.

Cannabis cultivators, extractors, innovators and business executives converged on New Orleans in droves, numbering in the thousands, intent on navigating the tenuous opportunities now opening up in Louisiana. Even with the new state legalization, CBD product sales still requires a special ATC permit and requirements This MJ Business Conference served as a primer for CBD-product opportunities and requirements.

The latest positive developments stand in stark contrast with the rash of raids and arrests related to CBD oils and CBD products just last month following months of debate as the State of Louisiana decided how to respond to the signing of President Donald Trump’s signing of the 2018 Farm Bill.

Louisiana’s extreme response ran counter to that of other states, where CBD legalization inspired an explosion in job growth and economic growth. The sudden about-face in Louisiana proves that the overwhelming public demand and heightened market pressure can inspire even the most anti-CBD legislatures to change their tune or be side-stepped for a more advantageous economic outcome.