Skyler Bissell is seeking an alternative to marijuana. Thatâ€™s why he co-founded OLEO, a company that makes flavored CBD that dissolves into a drink. He was the entrepreneur of the week on the Saul Spady Show.
Like almost every entrepreneur we have interviewed on the show, this isnâ€™t Skylerâ€™s first gig. He has dipped his toes into several different business ventures. But with OLEO, he has finally found a project to really sink his teeth into.
â€śI think a side-hustle is positive if youâ€™re looking to develop something, but once you have something to really latch on to and dedicate all of your effort to, it just simply takes all of your effort,â€ť Skyler said.
CBD is different than THC. It has several different health benefits, and is entirely non-psychoactive. In other words, it does not get you high.
â€śStudies suggest that CBD is helpful in treating inflammation and certain other things like stress and anxiety â€¦ people are using it after a long day of work, or after a work out to really renew their body and revive their mind. Our mission is to allow people to enjoy their life more and reach their full potential.â€ť
CBD comes from industrial hemp which was legalized by the 2018 industrial farm bill. It is not sold at any of the numerous marijuana dispensaries youâ€™ve seen popping up all over the place in Washington. It is sold at health food and grocery stores.
â€śThere needs to be a way for people to enjoy the more medicinal side of the hemp plant any time of day,â€ť Bissell said. â€śWhen youâ€™re on the radio here, when youâ€™re at the office, after work, at your yoga class. Thatâ€™s why we use CBD in our products.â€ť
Skyler thinks this is just the beginning for CBD.
â€śI think that now that the farm bill has passed, the big next step is that the FDA needs to come up with a method to regulate CBD in food products. We think thatâ€™s going to happen in the next year.â€ť
Listen to the Saul Spady Show weekdays from 6-9 a.m. on AM 770 KTTH.