BUD - 4 Things to Know About the FDA's CBD Guidance
When 2019 began, it was expected to be an incredibly "green" year for the cannabis industry. Canada had just commenced recreational weed sales in October 2018; higher-margin derivative products were expected to hit dispensary shelves in Canada soon thereafter; and President Trump had just signed the farm bill into law, thereby legalizing the industrial production of hemp and hemp-derived cannabidiol (CBD).
Arguably, the greatest excitement surrounded CBD, the nonpsychoactive cannabinoid that's best known for its perceived medical benefits. Since CBD doesn't get users high, there's a considerably broader patient pool for infused products than anything marijuana related. And it also doesn't hurt that the U.S. population is considerably larger than Canada, providing a juicier opportunity for the CBD industry.
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