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Hemp Product Market Future Backed By McConnell, Fate Depends On Farm Bill

 
• By Malcolm Spicer

The surprising support of Senate majority leader Mitch McConnell is integral to the success of a provision in legislation to reauthorize USDA programs that would clarify hemp's removal from the federal list of controlled substances and ease limits on its production in the US. Meanwhile, Charlotte's Web Holdings' recent $100m IPO is a strong sign of investors' confidence in the future market for hemp products.

The strongest sign that US sales of hemp-containing dietary supplements and personal care products soon will jump may be crucial support from what many consider the least likely source, Senate majority leader Mitch McConnell.

Another strong sign could be that one of the current leading firms marketing supplements and topical products containing hemp or cannabidiol, Charlotte's Web Holdings Inc

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