Players in the cannabidiol (CBD) sector will have to sit tight and wait after the U.S. Food and Drug Administration (FDA) announced that it needs more scientific data before issuing a regulatory framework for the rapidly growing industry.
The sector got a new breath of life after the 2018 Hemp Farming Act removed industrial hemp from the list of controlled substances, paving the way for farmers in all 50 states to plant the cash crop. In the year since hemp cultivation became legal, the market has been flooded with thousands of untested and unregulated products, each claiming to cure…
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