Don't Hold Your Breath for the FDA's CBD Report [The Motley Fool]
GW PHARMACEUTICALS PLC AMERICA (GWPH)
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Source: The Motley Fool
Don't Hold Your Breath for the FDA's CBD Report Despite promises of an expedited review, CBD-focused investors could be disappointed with the Food and Drug Administration's findings. Whether you realize it or not, this is going to be a big year for the North American cannabis industry. Sure, history was made in 2018 with Canada launching recreational cannabis sales in licensed dispensaries, and the U.S. Food and Drug Administration (FDA) approving the very first cannabis-derived drug. But history is expected to be made later this year, too. According to recent updates from Health Canada, derivative pot products are set to launch in cannabis stores by mid-December. Derivatives are non-dried-flower products, such as edibles, vapes, infused beverages, topicals, and concentrates. These are considerably higher-margin products than traditional dried cannabis flower, and they generally speak to a younger adult audience. But the launch of derivatives isn't all. Investors and consumers are als
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