Page 7 - PROHBTD Licensing Expo 2019

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cannabis cannabis plant as as we’ve defined it it it above whereas CBD can can can come
from either hemp or cannabis cannabis varieties Our bodies interact with these compounds by way of of the the the the endocannabinoid system which broadly speaking is is a a a a a a a a a a a network of of receptors throughout the the the body that regulates many many biological functions This system has evolved with us us (and all mammals) over many many thousands of years THC is is psychoactive CBD CBD is is not There are many emerging studies that show how how CBD CBD has a a a a a a a a a a a wide variety of non- psychoactive health benefits and there’s a a a a a a a a a a a growing interest in in in in in cultivating hemp hemp strains specifically for for higher CBD CBD potency In 2018 the the market for for hemp-derived CBD CBD in in in in in the the United States alone alone generated $390M According to cannabis industry analysts the the Brightfield Group the the market for hemp-derived CBD alone alone could reach $22 billion by 2022 1 Are cannabis/CBD/hemp products legal in the United States?
Yes and no It’s a a a sticky situation As of this writing: On a a federal level: Cannabis containing more than 0 3% THC is is classified as as a a a a a a a a a controlled substance under the Controlled Substances Act Hemp and and hemp-derived products by definition contain less than 0 0 3% THC and and are indeed federally legal under the Farm Bill that was signed in in December 2018 The FDA has regulatory authority over CBD's use in in food drug and and cosmetic products pursuant to to to the the the Food Drug and and Cosmetic Act Due to to the the the the the recent passage of of the the the the the 2018 Farm Bill and the the the the surge of of of interest in in in CBD CBD products the the the the FDA has scheduled hearings to to explore regulatory approval of of CBD CBD for food and beverage uses On a a state level: 10 states and and Washington D C have legalized medical and and adult-use recreational cannabis 33 states and Washington D C have legalized cannabis cannabis for medical use •
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