From doughnuts to dog treats, hemp-derived CBD is quickly becoming a multi-billion dollar business with mainstream appeal.
Sales of products containing CBD — the non-psychoactive cannabis compound, cannabidiol — are expected top $5 billion this year, a 700% increase from 2018 according to estimates released Tuesday by the Brightfield Group, a research firm focused on the cannabis industry."It's been absolutely monumental how fast things are changing," Bethany Gomez, managing director of the Brightfield Group, told CNN Business.
"While the Agency continues to believe that the drug approval process is the best way to ensure the safety of new drugs, including those made with CBD, the Agency is committed to evaluating the regulatory frameworks for non-drug uses, including products marketed as foods and dietary supplements," FDA officials wrote in a June 19 blog post.
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