The latest news for CBD from this week is that NFL stars advocate for CBD other important news are here:
- Rob Gronkowski, former New England Patriot, is going to produce his own CBD products
- Terrell Davis, Former Broncos Running Back and Hall of Famer, says NFL should allow CBD
- USDA is not allowing some hemp farmers to access federal crop insurance
Rob Gronkowski Plans To Start Own CBD Products, collaborating With Abacus Health
This week, Former Patriots tight end Rob Gronkowski, announced that he has collaborated with CBDMEDIC
announced this week that he has partnered with , a brand under Abacus Health, to support the CBD in sports.
In a press conference, Gronkowski said that he is there that day to attract the attention of sports governing bodies of the world, whether that’s the NBA, MLB, or NFL, revise their policy on CBD.
The three-time Super Bowl champion tolerated multiple injuries throughout his career, and retired in March after nine seasons in the NFL.
Gronkowski talked emotionally about how football cut him down and that he “wasn’t in a good state.”
However, Gronkowski heard about CBDMEDIC and started using their products, after this past NFL season.
Gronkowski said that he was pain-free for the first time in more than a decade. And that is very important.
Gronkowski and Abacus Health plan to produce a line of recovery products for athletes.
Last year, Ban on the CBD products was lifted by the the World Anti-Doping Agency, allowing the athletes and Olympians competing in international competitions to use CBD.
CBD is allowed to use by other sports organizations like the PGA, though there are effects of positive test for THC.
Major pro sports like NBA. MLB, and NFL have a ban on any kind of cannabis as mentioned by the Gronkowski.
Many former players are favoring to allow CBD for these leagues. NFL stars advocate for CBD.
Terrell Davis Support CBD Use In The NFL
Terrell Davis, retired Broncos running back, went on CNBC this week to support CBD and promote CBD brand of his own.
Davis played for seven seasons, and two Super Bowls were won by him during 1997 and 1998 NFL seasons of his career. NFL stars advocate for CBD.
DEFY, a CBD-based performance drink company, is being co-founded by him.
Afterwards, severe knee injuries shortened his career.
However, according to Davis, his health has been improved considerably due to CBD use.
Davis said that he felt as good as he had felt when he had played. His knees, He had more flexibility in his joins right then. For a year and a half then he had one migraine, and he had not had a full-blown migraine, so it had helped him in that respect.
Davis also supported the announcement made by NFL to collaborate with NFL players Association to research CBD and other substitute cures for pain treatment.
All forms of cannabis including CBD are currently banned by the NFL.
Davis said “I think NFL is doing what it should be doing, they are considering it, and are going to start research on it to ensure that it is something workable.
However, David did not start exploring CBD until two years ago, he specified that players have been using CBD for several years.
Davis said that hopefully someday, CBD will be used by the players, who are currently playing, to take care of pain management and inflammation.
Davis continued by saying that It’s a beautiful thing. It had worked for him, It had worked for a lot of prayers.
The CBD-infused performance drinks were first created by the Hall of Famer’s CBD company.
There is 20mg of CBD and 0% THC in the drinks.
USDA ANNOUNCEMENT: ACCESSIBILITY OF HEMP FARMERS TO FEDERAL CROP INSURANCE
As outlined in the 2018 farm bill, some hemp farmers are being allowed by the USDA to have access to federal crop insurance.
For now, crop insurance is being offered by USDA to farmers
For now, the USDA is offering crop insurance to farmers who are working under 2014 Farm Bill state pilot programs for the 2020 growing season.
Only those farmers are eligible who are growing hemp for seeds, flowers, or fiber.
Accessibility to Whole-Farm Revenue Protection will have been provided to these farmers, providing insurance of up to $8.5 million in revenue.
In a statement, Martin Barbre, RMA Administrator, said “Many producers are worried for a way to save their hemp crops from natural disasters. A safety net will be provided to them by the WFRP policy. It is expected that we will be able to offer additional hemp coverage options as USDA continues executing the 2018 Farm Bill.”
Farmers who are planning to grow hemp under the 2018 Farm Bill’s provisions will have to wait until the regulations on hemp to receive federal crop insurance are being established by USDA .
The USDA has stated that it is planned to release its regulations in the fall of 2019, in time for the 2020 growing season.
States will then have to defer their hemp production plans for the USDA’s consent.
USDA’S announces that after the completion of rule-making, the Farm Service Agency (FSA), RMA, the Natural Resources Conservation Service and other USDA agencies will share eligibility information on their programs, which include conservation, safety net, disaster assistance program and farm load.
Since the 2018 Farm Bill was passed, financial help for hemp growers and businesses has been a considerable issue in the hemp industry.
Several politicians have forced the federal agencies to shed light on the legality of hemp which will help the financial institutions to offer their services to hemp-related businesses.
New guidance was issued currently by the National Credit Union Association to its members that it was
Recently, the National Credit Union Association issued new guidance to its members that it was legitimate to service hemp businesses for credit unions .
