The CBD Industry Is Here To Stay
Hemp legalization has solidified that products containing cannabidiol (CBD) aren’t going away. Last February, Stephen Hahn, Commissioner of the Food and Drug Administration (FDA), acknowledged that it was “a fool’s game” to attempt to pull hemp-derived CBD products off the market.
This echoes the sentiment of former interim Commissioner, Scott Gottlieb, who’d stated that the FDA will take affirmative steps toward “the formation of a high-level internal agency working group to explore potential pathways for dietary supplements and/or conventional foods containing CBD to be lawfully marketed.” CBD products have permeated our consumer consciousness and it seems folly indeed for the FDA to outright disallow them.
All of this makes the case for an FDA-approved pathway — essential to prevent the bank accounts of lawfully-operating businesses from being closed. Not to mention retailers’ refusal to stock CBD products and investors with deep pockets awaiting rules and regulations. Thus far, the FDA has been dilatory.