The cannabidiol (CBD) industry is quite novel. The chemical, extracted from hemp, became legal in 2018 when the Farm Bill legalized the cultivation and sale of industrial hemp and its extracts. Just a year later, the sector is worth millions in sales, and experts predict it will hit $20 billion by 2024.
However, the industry’s monumental growth has also been its biggest weakness. Normally, new products have to go through a rigorous testing process before hitting the shelves, but CBD skipped that step. By the time the sector was filled with…
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