An interesting under the radar event occured today. This further supports FDA enforcement discretion and ultimately regulations for CBD isolate products. This is a positive and key indicator for Canb, given their total focus is with pure CBD isolate products.
Canopy Growth officially entered the U.S. CBD market.
I would anticipate that Canopy Growth would not move forward without a high level of confidence of positive enforcement discretion and regulation.
Also, we now have a $6-7 billion dollar company (Canopy) which has a piece of it owned by a $35 billion dollar company (Constellation Brands) which should have a significant lobbyist presence pushing government and the FDA for discretion of isolate.
What is even more interesting is this line is entirely "Hemp Derived Isolate".
Now if pure CBD isolate was "garbage" and nobody wants it, and the FDA will not budge, then why would a $6 billion dollar company move forward with this venture?
This definitely bodes well for the future success of Canb.