CBD Highlights from the MJ Business Conference & Expo
This Tuesday and Wednesday, Hybrid Health was in Orlando for the Marijuana Business Conference & Expo. Attracting about 3,000 Canna Business professionals from the U.S. and abroad, with approximately 200 exhibitors, it is the largest expo of its kind. While the majority of attendees work in the medical/recreational marijuana industry in the now twenty-four states (Pennsylvania just came on board) and the District of Columbia that have legal markets, legal-in-all-fifty-states hemp companies were well represented: Hybrid Health, Endoca, HempUSA and Isodiol to name just a few. Recent attention has focused on efforts to legalize medical and/or recreational marijuana, in part because of its potential for generating significant tax revenue. Interestingly, attorney Robert Hoban, Managing Partner, Hoban & Feola, an expert in the field, projects that in the next five to ten years, overall hemp revenue will dwarf that of marijuana, due in large part to its over 50,000 uses in everything from food to building materials to clothing and the list goes on. Non-psychoactive cannabidiol (CBD) food supplements processed from organically grown hemp and identified as having numerous wellness benefits is but one notable product category gaining awareness and popularity. With less than .3% THC, hemp CBD cannot get you "high" and offers a legal alternative for those not in medical MJ markets who may benefit from the compound - think children with Dravet Syndrome, a rare and catastrophic form of intractable epilepsy that begins in infancy and can result in hundreds of seizure per day. As ethical hemp CBD professionals continue to improve growing, processing and distribution standards (certified organic, GMP certification) and public awareness of this super-food continues to grow, the future looks very bright for hemp CBD.