Cannabidiol, more commonly known as Cbd, is a non-psychoactive compound found in cannabis. This means it doesn’t have the same effects as THC. Instead of binding to cannabinoid receptors, it binds to other endocannabinoid sites. While CBD is an effective treatment for certain conditions, there is currently no legal status in the U.S., meaning you may need to fly overseas if you want legal access. That’s why cannabidiol can be tricky for some investors who are unsure where they stand with this new industry and its potential.
What Are The Some Current Cbd Investment Opportunities In Michigan?
Current CBD investment opportunities are looking to capitalise on the ever-growing CBD market, which includes thousands of potential new customers. The Industrial Hemp Regulatory Act was passed in 2017 by the Michigan state legislature and went into effect on December 20, 2017. This piece of legislation not only allows for the commercial growth of hemp in Michigan and provides a legal framework for cannabidiol (CBD) manufacturing and retail sales in our state.
This is great news considering that approximately 80% of all U.S. states have legalised cannabis in some form, either medical or recreational. In 2018, Michigan passed a medical marijuana law that legalises the use of marijuana for patients with certain debilitating conditions.
Here Are Some Of The More Interesting Cbd Investment Opportunities In Michigan.
1. Cbd Hemp
Our top recommendation for a Michigan cbd investment opportunities is Cbd Hemp. While this offer still requires a $500 minimum investment, they have a great track record with outstanding customer service and are backed by CBDOEM (Michigan Department of Agriculture) approval.
CBDOEM approval means that the farmer must grow the hemp and extract the CBD before sending it to their processor, which is then sent to the aggregator to finish and package the product. In addition, every batch undergoes an independent third-party audit of its cannabinoid content. This ensures that these products are consistent with standard industry practices.
2. CBD Hemp Oil
CBD Hemp Oil is another licensed Michigan CBD provider approved by the Department of Agriculture. This offer has a $1,000 minimum investment and a $6,000 cap on the maximum you can invest for growth. However, the best part of this particular opportunity is that you don’t have to worry about handling any product after it’s been sent off to be processed since they provide an online tracking system so you can check on your order throughout the entire shipping process.
3. Cbd Pure Michigan Products
CBD Pure Michigan Products is one of the newest CBD products on our recommended list. It is backed by a $3,000 minimum with an additional $1,200 maximum if you wish to invest in the CBD opportunities. While most of their investments are into CBD oil and other products, they also offer the option of investing in hemp. This particular investment requires a minimum amount of $500 for a maximum of $4,000. However, this is only for those living within city limits or 50 miles from the business location.
All in all, there are plenty of new options for Michigan CBD investment opportunities that allow you to invest directly into growing hemp and extracting cannabidiol (CBD) from it. However, these aren’t the only investments you can make in this industry. There are plenty of options if you’re looking to invest anywhere else in the world.
4. Hawai’i Is Potentially One Of The Best CBD Investment Opportunities In The World Right Now.
While there is no legal CBD for sale in the United States, one other option would be to travel overseas to places like Hawai’i, where this product is widely available in recreational and medicinal forms, thanks to its legalisation on January 1 year.
Listed as a Schedule 1 drug according to the Federal Drug Enforcement Administration, it’s still possible for individuals and businesses to purchase, possess and use cannabidiol (CBD) in Hawai’i. CBD is legal for medical purposes but remains illegal under federal law. The island of Hawai’i is one of the few places where CBD can legally be purchased, and some businesses offer this product in seemingly everything from candy to coffee.
5. The CBD Hemp Oil Market In Michigan Is Still Very Young.
We’ve noted that the potential for growth in the CBD market is immense. However, the space is still very young. While there are several opportunities for investors to make money in this new industry, it’s still not as big as other industries like IPOs and MLPs have become. However, it doesn’t mean these opportunities don’t exist or aren’t worth investing in. As of now, there are no federal laws regulating the creation and use of CBD products, with one exception: cannabidiol is legal to use under federal law only if it has been derived from hemp grown under a state pilot program that permits its production and sale.
Is This The Right Time To Invest In Michigan?
With the state of Michigan legalising marijuana, several smart investors are asking: is there gold in these hills? While cannabis could be big in the state, it’s worth noting that you still can’t buy any. Not until 2018, when an act allowing for recreational use was passed in December under legislation allowing for medical use. On top of that, CBD is still a Schedule I drug and cannot be sold in stores or online by companies. As for now, these are two important issues when looking at Michigan CBD opportunities.
Final Thoughts On Michigan CBD Opportunities
With this new legislation, the state becomes one of a handful of states that allow for legal CBD sales, except Michigan. In addition, it is legal for companies to sell CBD products unless made from hemp grown under a state pilot program. While there are many options for securing CBD here in Michigan, many companies are creating various CBD products, with several Michigan residents buying up those products and selling them online to others.
Another interesting thing to note about Michigan is that the medical cannabis industry is expected to create an economic impact from $500 million to $1 billion over the next three years. That amount can only increase if you invest in CBD businesses here in Michigan.