Cannabidiol, or CBD, as the marijuana compound is known, is a product that has become extremely accessible through U.S. retailers.
But the popularity of CBD makes the product susceptible to chemical contamination by criminals, according to the world’s largest legal marijuana grower.
“When there are no regulations, that’s when the sketchy players prosper and we want regulation,” Canopy Growth CEO Bruce Linton told FOX Business’ Stuart Varney on Friday.
HOW POT IS CHANGING THE US AGRICULTURE LANDSCAPE Opens a New Window.
CBD is emerging as a promising remedy to help treat many common conditions like pain, insomnia, and anxiety. The Federal Drug Administration held a hearing Friday on CBD regulation and the substance’s interaction to get a better understanding on the industry’s strategy toward the cannabis Opens a New Window. related product.
Linton said the tide is turning to a certain extent toward mass legalization in America.
“I am not sure that the federal government is going to say that it is a recreational platform and everyone can have it,” he said. “I could see them saying, on a medical basis, we’re going to regulate it and put it through the FDA trials.”