Hemp (Cannabis sativa) is the same species of plant as cannabis. Unlike cannabis, hemp contains very low levels of delta-9-tetrahydrocannabinol (THC).
Both hemp and cannabis also contain cannabinoids such as cannabidiol (CBD), cannabidivarin (CBDV), cannabigerol (CBG), and others. The 2018 Farm Bill established the specific definition of hemp versus cannabis by limiting the THC content of hemp to no more than 0.3%. Hemp seeds contain fats, protein, and other chemicals.
People use hemp for constipation, high cholesterol, eczema, arthritis, and many other conditions, but there is no good scientific evidence to support these uses.
Don't confuse hemp with Canadian hemp, hemp agrimony, cannabis, or CBD. These are not the same. Unlike cannabis, it is legal to sell hemp and hemp products under federal law in the US.
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