Council For Federal Regulation Starts Work on Getting CBD Legalized

March 3, 2020 16:00:29

The CBD sector has come a long way since the hemp-derived compound was federally legalized by the 2018 Farm Bill. Driven by immense demand due to its diverse medical and cosmetic applications, experts predict the industry will be worth $20 billion by 2024. However, despite the fact that there are thousands of CBD products on the market, the sector lacks a comprehensive regulatory structure.

Despite mounting pressure from growers, stakeholders, and politicians, the U.S. Food and Drug Administration (FDA) has stated that it will take years to regulate without any aid from Congress. To alleviate this, a number of hemp industry leaders have launched…


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