Cannabis stocks mostly higher after FDA head promises April talks on CBD regulation

FDA Commissioner Scott Gottlieb said public meetings will be held sometime in April to hear from relevant parties on how best to regulate CBD derived from hemp, which was legalized in December in the 2018 Farm Bill. The FDA is now responsible for regulating CBD, a non-psychoactive ingredient in cannabis that was not included in hemp legalization because of a lack of research into its longer-term effects on human health.

Also on Thursday, the Marijuana Justice Act was reintroduced in Congress, allowing lawmakers to consider policy reform that would end the current federal ban on cannabis and eliminate federal criminal penalties for possession, cultivation, manufacture, import and export of cannabis.“Hopefully this legislation will get the serious consideration it deserves,” said Aaron Smith, executive director of the National Cannabis Industry Association, in a statement.

John Torrens, professor of entrepreneurial practice at Syracuse University’s Whitman School of Management, said celebrity endorsements of cannabis should send a strong signal to investors that the substance is gaining mainstream credibility at a fast clip.

I'm all about $NBEV at 5.00 :)

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Wall Street thinks the $1 billion market CBD could explode to $16 billion by 2025In a new report, analysts at the investment bank Cowen highlight a marijuana and hemp compound called CBD as a massive opportunity for growth. I hope so since I invested ! SamirMustafic20
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Regulators are gearing up to decide how to handle the $1 billion CBD industry, whose lotions and cookies currently exist in a legal hazeAt a congressional hearing this week, regulators said they planned to discuss their approach to policing the $1 billion CBD industry in April.
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Martha Stewart to advise cannabis companyCanadian cannabis company Canopy Growth is adding Martha Stewart as an advisor. She'll help the company develop CBD and hemp products for people and pets. Convicted felon I see you MarthaStewart
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