We all expect that the products we buy in stores are what they claim to be. But millions of people using cannabidiol, or CBD products, canâ€™t be quite as confidant.
â€śWe donâ€™t want our friends and neighbors taking CBD that isnâ€™t pure, and we donâ€™t want them getting ripped off spending their dollars on a product that has virtually no CBD in it,â€ť said Chris Lackner, director of public affairs for Mile High Labs.
The Boulder-based company manufacturers CBD isolate, which is then used in other products. Mile High Labs was among over a hundred speakers at the FDAâ€™s first ever hearing on CBD on May 31, as the agency looks to regulate the industry.
â€śWe need to get regulations in place now to make sure that ideas of quality, consistency and purity are in the marketplace now,â€ť Lackner said.
By some estimates, CBD will grow to a $22-billion industry in the coming years. Companies like Mile High Labs employ thousands of people. Hemp is becoming a popular crop for Colorado farmers. CBD sales have gone mainstream. And just this week,Â Kroger announcedÂ CBD topical products will be sold in Colorado King Soopers grocery stores.
To read the full story, go to The Denver Channel