Why is the CBD market referred to as the “Wild West”?
- Lack of regulation. Despite the passage of the 2018 Farm Bill, which legalized growing and harvesting of industrial hemp in the U.S., the FDA does not currently regulate the retail CBD market.
- Lack of transparency. In 2017, the Journal of the American Medical Association (JAMA) reported that only 31% of commercially available CBD products contained percentages of cannabidiol (CBD) that accurately reflected the products’ labeling. Due to a lack of regulation, little has changed since the release of this article. As recently as October, 2019, the watchdog group LegitScript analyzed the contents of 30 leading CBD products. Of those 30, two-thirds possessed significant deviations in CBD content from what they advertised on their label.