Business is booming in the cannabis industry and all of its branches. While the market for marijuana is hot in Canada, the U.S. is not yet seeing the same activity as state laws still prevent hopeful pot entrepreneurs from doing their bidding. However, there is a lot of market going on in the U.S.’ cannabidiol (CBD) industry.
The Missouri Valley Trust Company is once again seeing a business open in it for the first time in decades. Said company is Kathleen Wade’s CBD American Shaman, a Kansas City-based leading distributor of 100 percent organic, gluten-free, non-GMO hemp-derived CBD. Its products also go through batch testing using Ultra Performance Convergence Chromatography to ensure quality.
Aside from its newly opened store between Fourth and Felix Streets, the company also has stores in Leavenworth, Kansas, Carthage, Missouri, and two other stores in Springfield, Missouri. More branches are set to open in Branson Missouri and on the Belt Highway in St. Joseph.
Other than bringing CBD American Shaman’s renowned line of products, Wade says that they will offer exclusive products. For instance, it sells soaps made by the Benedictine Sisters in Clyde, Missouri at its Leavenworth branch. The soaps are made specifically for CBD American Shaman.
“We try to always carry local products in each of our locations so each of our stores are a little bit different,” she said. CBD American Shaman fans near the area definitely have something to look forward to.
CBD is hot in Missouri despite possible changes to the legality
Like in a lot of states in the U.S., marijuana is legal in Missouri but hemp-derived CBD is. CBD American Shaman is going to venture into a state where the market for CBD is strong and active. There are many businesses that sell CBD products all over the state as it is in demand because of its numerous health benefits. Supporters of the products claim that it helps them cope with epilepsy and chronic pain.
However, companies should keep an eye out for changes in the law. In a statement released to ABC 17 News, the Missouri Department of Agriculture said that the legality of the oil is still under review. The agency adds that they are not yet going to make any legal interpretations until the Farm Bill is passed as it will turn industrial hemp into an agricultural commodity making it legal for farming.
Although there might be changes made in the coming months, companies are already complying with pre-existing regulations. For instance, Savannah Foos in Columbia is strictly operating under a provision in the federal farm bill which sees CBD products legal as long as it contains less than 0.3 percent of tetrahydrocannabinol (THC).
The CBD industry continues to gain strength as more companies expand into new areas. It has been a good competitor to marijuana and it is clearly the top alternative for the plant in the U.S. already. The Farm Bill is not finalized yet but if the final version does include provisions for industrial hemp, then the CBD industry will only grow stronger.
