Food industry backs away from CBD

hemp-derived cannabidiol, or CBD.
Hemp-derived cannabidiol, or CBD. Photo: Jessica Rinaldi/The Boston Globe via Getty Images

Big companies are taking a step back from developing food and drink products made with CBD, after the Food and Drug Administration raised safety concerns, the Wall Street Journal reports.

By the numbers: CBD-infused foods and beverages surpassed $1 billion in revenue in 2019 even without FDA approval, according to the Journal, and revenue is projected to reach $10 billion by 2024.

Investigation finds synthetic marijuana subbed in CBD vapes and edibles

Photo: Lisa Ducret/picture alliance via Getty Images

Crooks are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP investigation found.

The big picture: AP commissioned lab tests of 30 vape products sold as CBD around the country, with a focus on brands that authorities or users flagged as suspect. 10 of the 30 contained types of synthetic marijuana — drugs commonly known as K2 or spice that have no known medical benefits — while others had no CBD at all.

Go deeper: New arrests shed light on vaping's black market