The cannabidiol (“CBD”) industry has grown a great deal in the few years that it has been legal, achieving a market size value of $2.8 billion in 2020. Demand for CBD-infused products has been on the rise, thanks to reports of its potent medicinal properties, and a multitude of sellers have entered the CBD space looking to capture a swathe of the market for themselves before it becomes too saturated. However, it hasn’t been a walk in the park for these companies, thanks to a variety of barriers, the main one being the fact that the CBD industry does not have a comprehensive regulatory structure.
The Food and Drug Administration (“FDA”) has been under mounting pressure from stakeholders and policymakers to create rules for the nascent CBD sector, and it has been issuing directives to help guide cannabidiol companies. In the meantime, many companies have been struggling to…
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