True Natural Oils is Striving to Move Forward in Development
The well-known saying for those hawking baseball scorecards might be just as appropriate in the fledgling CBD category. With more and more players entering the marketplace and many predicting that the category is finally ready to explode in sales, retailers may need a scorecard to know who the players are in the marketplace.
According to Boulder, Colo.-based BDS Analytics and Market Research, the collective market for CBD sales, which includes cosmetics, health products, food and beverage, pet products, skin care, and pharmaceuticals, is expected to exceed $20 billion in the United States by 2024.
We at True Natural Oils still are waiting for the Food and Drug Administration & develop regulations related to CBD in food and dietary supplements. The FDA maintains that there is a lack of scientific information supporting the use of CBD in food, and also noted that the agency is continuing to explore pathways for various types of CBD products to be marketed.
