The CEO of one of the largest manufacturers of cannabis vaporizers and accessories says CBD, the non-intoxicating form of cannabis, is overhyped.
The CEO of one of the largest manufacturers of cannabis vaporizers and accessories says CBD , the non-intoxicating form of cannabis, is overhyped. Speaking atpanel on Tuesday in San Francisco, Bharat Vasan, who joined Pax Labs nearly a year ago after Juul spun out from the parent company, expressed skepticism when asked about the quasi-legal cannabinoid. “The space feels overhyped right now because it’s the only federal form,” Vasan told the crowd.
The CBD explosion kicked off as 2018 ended, when the Farm Bill passed, removing hemp from the federal list of controlled substances, which allowed farmers to grow and sell the crop as an agricultural commodity under very specific circumstances. From there the cannabidiol craze took off, with brands infusing almost anything with CBD from deodorant to dog treats to hangover patches.
As brand recognition emerges in the cannabis industry, companies are championing hemp-based CBD products as wellness tool and investors are pouring millions into the ingredient, which is being marketed as a miracle elixir.unsubstantiated health benefits
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