What is the global opportunity for CBD? – Glossy
As American CBD companies expand internationally, they have a world of both opportunity and regulations to navigate. In late March, China’s National Institute for Food and Drug Control (NIFDC) published proposed legislation to ban CBD as well as cannabis sativa kernel fruit, cannabis sativa seed oil and cannabis sativa leaf as ingredients in beauty products. This announcement came as brands such as Uncle Bud’s, Chantecaille and Derma E have been actively selling CBD products on Chinese e-commerce platform Tmall, showing the regulatory challenges that come with international expansion pl...