The U.S. cannabidiol industry has been chaotic ever since it was birthed after the 2018 Farm Bill. Although the legislation legalized the cultivation and sale of industrial hemp and its extracts, it didn’t say much more. Aside from defining hemp as cannabis with less than 0.3% THC, the Bill didn’t create a comprehensive regulatory framework for hemp extracts like cannabidiol, and that has been a constant thorn in the CBD industry’s side.
In the year since hemp and its extracts became legal, the sector has blossomed, and the market is filled with thousands of products. Already worth millions of dollars in sales, experts predict the CBD industry will hit $20 billion by 2024. According to the U.S. Food and Drug Administration (FDA), the popularity and accessibility of CBD products might fool consumers into thinking…
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