Major cannabis companies traded lower Friday during a Food and Drug Administration hearing on CBD products. The cannabis industry has been in a legal haze as the FDA decides how to police products with CBD. Wall Street thinks the $1 billion CBD industry could grow to $16 billion depending on how it’s regulated. Visit Market Insider’s homepage for more stories. Cannabis stocks traded lower Friday during a hearing held by the Food and Drug Administration where federal regulators will hear arguments that will inform policing of the substance cannabidiol, or CBD.
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