Favorable Regulatory Changes Embolden the CBD Market's Expansion
AMERICAN PRM WATER CRP (HIPH)
NASDAQ:AMEX Investor Relations:
investorshub.advfn.com/american-premium-water-corp-hiph-12049
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Source: PR Newswire
NEW YORK, Feb. 18, 2020 /PRNewswire/ -- The CBD, or cannabidiol, segment is one of the fastest-growing within the cannabis industry. Overall, the CBD market has accelerated at a tremendous pace as various studies have debunked the common misconceptions swirling around the compound. CBD is now known to offer therapeutic effects just like tetrahydrocannabinol, or THC, however, it is the non-psychoactive derivative of cannabis. CBD is also legally available within the U.S. as long as it contains 0.3% or less THC, making it very accessible for consumers. And due to its current status under federal law, CBD is expected to be the more explosive market compared to its counterparts. Back in 2018, the U.S. Food and Drug Administration decided to delist CBD as a Schedule 1 drug. Shortly after, the U.S. House passed the Farm Bill, allowing for the cultivation of hemp, which CBD is primarily derived from. In 2017, the hemp-derived CBD product segment delivered USD 190 Million in sales, accounting
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