Several prominent medical marijuana companies are focusing on what they see as the wave of the future in the MMJ industry: products infused with cannabidiol, or CBD.
The marijuana compound offers some of the pain-relieving benefits of THC, without the psychoactive effects. In other words, you don’t get stoned. Studies show that CBDs can help with a variety of medical conditions, including anxiety, nausea, inflammation and convulsions.
Just as importantly, hemp-based CBD products are legal in the United States, meaning patients don’t need to live in a state with MMJ laws and don’t have to worry about the government knocking on their door.
Dixie Elixirs & Edibles is the latest firm in the medical marijuana industry to jump on the trend. The Denver-based company – which is now part of Medical Marijuana Inc. – is preparing to roll out a new line of hemp-based CBD products including tinctures, salves and capsules. Dixie will officially launch the product line tomorrow and expects to add new CBD offerings at a rapid clip going forward, hoping to tap what it says is a $5 billion market.
The company initially will sell the products to dispensaries but then plans to make them available to the general public via mail order and an online e-commerce platform.
Other MMJ players are taking an interest in cannabidiols as well. Medical Marijuana Inc. has taken an aggressive approach to CBD research, filing a patent last year for a process to extract cannabidiol and other cannabinoids from cannabis. It also inked a deal to distribute CBD-infused beverages. At the same time, individual dispensaries are producing high-CBD strains, and C3 Patients Association is distributing a CBD-infused pill called Idrasil. Most of these products are only available to card-carrying patients in MMJ states, however, as they contain CBDs derived from cannabis and in many cases also contain THC.