California’s CBD change has cannabis operators worldwide taking notice
Published October 12, 2021 | By Kristen Nichols, Hemp Editor, Hemp Industry Daily
California’s new CBD law is attracting attention from cannabis operators far beyond the Golden State.
They have 3.2 trillion reasons to care.
A legal change signed into law by Gov. Gavin Newsom last week opens the world’s fifth-largest economy (with an estimated $3.2 trillion gross state product) to makers of hemp-derived CBD products worldwide.
It’s a change that is grabbing attention from the CBD industry’s largest operators.
“We’ve been working on this bill for the last two-plus years,” said David Culver, head of lobbying for cannabis giant Canopy Growth in Ontario, Canada.