1. There’s too much junk in the CBD market.

One of the most constant themes in today’s hearing: The current CBD market is flooded with sketchy players selling junk products. A number of stakeholders offered lab data showing that bottles of “300 mg CBD oil” actually contained 22 mg., or no CBD at all.

These are the Wild West days of CBD sales, and a number of companies are taking advantage of the absence of regulations by pumping crap into the market. They can manufacture at a deep discount and offer cheaper products than genuine high-quality CBD makers, who must invest in top-shelf extraction labs and establish good manufacturing practices.

Count on this: A reckoning is coming for these bad actors. FDA regulation of CBD is almost certain to contain quality assurance requirements. The question is: Can the good actors stay in business long enough to be saved by that shakeout?

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