Touted as a wonder drug capable of easing anxiety, reducing inflammation, and preventing seizures, cannabidiol, or CBD, has been growing rapidly in popularity.
Following approval of the 2018 federal farm bill, the American hemp CBD market alone is projected to reach $20 billion by 2020.
Kevin Liebrock, chief operating officer of Bluebird Botanicals in Colorado, which makes CBD oils, capsules, and pet products, said the legislation drastically changes the industry.
“We will see CBD products becoming a staple at nearly every major retailer in the country, and our industry’s already exponential growth will become parabolic.”
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Fiona Tapp ~ BostonGlobe.com ~
