It can breakout from ~2.7. Just needs to hold at this level. Wasn't able to do so late February, but the sector seems very healthy right now, so this looks like it could be legitimate.
I think it is too late for FDA to stop any company from making CBD. There is just too many people involved at this point including all senators who passed Farm Bill overwhelmingly. But FDA will regulate it which should eliminate small players that put low quality product out there. Established companies like Elixinol will do just fine. Imo