Thursday, March 28, 2019 1:39:00 AM
The CBD gold rush has begun.
CBD, the chemical found in hemp and marijuana plants, is showing up in shampoos, lattes, body oils, gummy bears and dog treats. It's being sold in coffee shops and farmer's markets, mom-and-pops and high-end department stores and most recently, drugstore chain CVS.
"Literally overnight, you're seeing CBD all around you and in everything," said Troy Dayton, CEO of The Arcview Group, an Oakland, California-based cannabis investment and research firm. "This is a product that is going from relative obscurity to being on everyone's mind: producers, consumers and especially entrepreneurs."
The CBD floodgates opened after President Donald Trump signed the Farm Bill into law in December. Among other things, the bill legalized the production of hemp, which contains high levels of cannabidiol, or CBD. CBD is non-psychoactive, meaning it won't get you high. (THC, or tetrahydrocannabinol, is the chemical in cannabis that does that.) Instead, CBD is marketed for everything from helping to relieve pain and inflammation to reducing stress and anxiety.
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