Elixinol says hopes FDA 'takes strikes' in acceptance of hemp-driven CBD
Elixinol issued the following statement regarding the public FDA hearing in Washington, D.C. on Friday, May 31. "We support the FDA's intentions, we want consumers to make educated decisions, and we want the market to universally supply CBD that's free of metals, molds and pesticides and safe for consumers. Additionally, we support the industry's intentions to develop best-in-class standards, like those of the U.S. Hemp Authority, whose seal of approval means the brand has been through a stringent review of processes, procedures and employee training. We're proud to be one of the first brands to be U.S. Hemp Authority certified. Now that the hearing has ended, we will wait for the outcome to unfold, hoping to see the FDA takes strides in their acceptance of hemp-derived CBD. FDA permitting hemp-derived CBD oil as a food additive will open the floodgates of CBD-infused food and drink, as we see industry projections that U.S. CBD sales will climb from a $600M market in 2018, to a $22B market by 2022, as cited by Green Entrepreneur."