FDA chief Scott Gottlieb's resignation leaves 'billion-dollar question' for CBD industry

div > div.group > p:first-child"> While the federal government in December legalized CBD that's derived from hemp, a close cousin of marijuana, the FDA's rules still prohibit companies and restaurants from adding it to food or drinks. Cannabis start-ups, food companies and restaurants have pushed forward anyway, introducing CBD-infused seltzers and lattes in anticipation that the FDA would eventually tweak its rules.

Then on Tuesday, Gottlieb surprised executives with his announcement that he's stepping down in about a month, possibly before the hearing and certainly before any policy could be written and implemented.

Coors cannabis JV partner HEXO creating Truss Beverages 🍺

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Biotech stocks fall after FDA chief Scott Gottlieb resignsThe IBB, an ETF that tracks biotech's biggest players, was down more than 2 percent Wednesday, on pace for its worst day since February 7 when it lost 2.5 percent. because the new person isn't going to look past the negative health impacts
Source: CNBC - 🏆 12. / 72 Read more »