Cannabis stocks are falling, after the FDA hearing on CBD highlights 'widespread use of CBD products with minimal standardization'
Cannabis stocks were mostly lower Monday, as investors digested the first reports from Friday’s regulatory hearing on cannabis and its ingredients and the news that Illinois is legalizing weed for adult recreational use.
The FDA has warned companies that because it views CBD as a drug, it cannot be added to food or beverages or marketed as a dietary supplement in interstate commerce. But it has also said that given the strong public interest in CBD as a wellness aid, it will seek to help provide pathways to regulatory approval.
See also: More baby boomers use medical marijuana, but they want their doctors to get wise to the risks and benefits
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