The Road to Legal and Regulated CBD Could Be a Long One - Nothingbuthemp

During a recent webinar conducted by officials from the FDA, comments regarding the legal future of CBD indicated that the path forward might be lengthy and arduous. Since its introduction into the mainstream market for alternative health and wellness offerings, CBD or Cannabidiol has generated equal parts lucrative sales, a loyal consumer base and controversy. Derived from the hemp plant, which Congress delisted from the Controlled Substances List as part of the 2018 Farm Bill , CBD has gone from a fringe elixir and topical treatment for maladies including anxiety, chronic pain, and crippling epilepsy to a multi-billion dollar industry in a matter of five years. That rapid explosion in growth has translated into big business for farmers, manufacturers, and retailers in the hemp industry. According to an analysis conducted by Precedence Research , the global CBD market generated $15.88 billion in revenue in 2022. Furthermore, researchers anticipate that number to excee...