The legalization of hemp via the 2018 Farm Bill opened up exciting new markets for cannabis companies. While marijuana remains an illegal at the federal level as a Schedule 1 Controlled Substance, cannabidiol extracts, or CBD, is completely legal in the U.S. with certain FDA restrictions. CBD is popular in health and wellness and pain management products due to the absent of THC is the products while still maintaining the benefits of cananbis.BDS Analytics has forecast the potential for the CBD market to reach $20 billion annually by 2024. The Brightfield Group sees the near-term market size based on FDA …read more
Source:: Yahoo Finance
