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Dude, where’s my regulatory framework? As CBD gains popularity, Washington struggles to keep up
Stat News
Nicholas Florko
May 17, 2019
Online reviews proclaim CBD a “life changer,” “the best thing ever,” and “truly incredible.” It’s a $390 million industry, expected to grow to at least $1.3 billion by 2022. Montel Williams has his own designer line of CBD products; so do Tommy Chong and Mike Tyson.
CBD makers insist they are ready to embrace more government regulation. “In the end we just want to be treated like any other product that you buy at the store, whether it’s vitamin D or melatonin,” Jonathan Miller, an attorney at the law firm Frost Brown Todd LLC and the general counsel of the Hemp Roundtable, a trade association that includes multiple CBD makers, told STAT.
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