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.

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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 »