Recently the law has changed in many countries making it legal to do CBD business including many hemp produced products like oil, tinctures, etc. Most industrialists are looking for an opportunity on the hemp and CBD products market. Naturally, there are risks, as with any chance. And wherever risks occur, companies look towards insurance companies to help mitigate the risks by compensation. Here is what you need to know about CBD industry and why is it so important to have CBD operation Insurance : 1. Hemp and Cannabis belong to the same class Due to the relation of hemp with the marijuana plant, hemp was declared as illegal until 2008. Although there is very little THC in the hemp plant (a psychoactive cannabis compound)— it is still illegal in many states. However, if the product contains THC less than 0.3%, it can be grown and sold as per federal law. But, if this ratio exceeds 0.3%, they are labeled as marijuana and remain illegal at the federal level. ...

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