Cannabinoids (CBD) are among the at least 113 different compounds present in the cannabis plant. Scientists believe that there are numerous CBD benefits, especially in the management of various mental and physical health conditions. Here’s a look at some current and potential uses of CBD products.
There are some FDA-approved pharmaceutical products containing CBD on the market today. Based on evidence-based research, using these CBD products may provide numerous therapeutic benefits, including:
While it may be too early to conclude anything, studies suggest various potential applications of cannabinoids in treating/managing the following conditions:
Early and ongoing research has uncovered evidence of multiple CBD medical benefits. Despite that, medical marijuana and cannabinoids have lacked FDA’s approval for years. The main reason for the initial ban was that most of the early research was limited and inconclusive. Before the FDA can approve any such drugs, it has to look into large relevant clinical studies with hundreds of participants.
Comprehensive cannabinoid research provides adequate data for the regulatory agency to accurately assess the effectiveness and safety of the products for their intended medical purposes. That process can take time and is often costly. However, the growing body of scientific evidence in recent years has resulted in more CBD-based drugs legally entering the market to help treat a broad range of health complications. CBD products, which are hemp-based, are today legal across the nation. This positive development in the marijuana industry is due to the latest changes in hemp laws at the federal level.
The recent legalization of cannabinoids at the federal level makes it legal to operate a CBD or hemp business in most states. However, it doesn’t eliminate the high risk of product liability claims and legal disputes that comes with operating in the industry. If you are considering starting a CBD business in the near future, contact us today. At GrayStone Insurance Group, we can create customized CBD insurance plans for your business.