As federal cannabis legalization remains locked in the Senate, with little to no hope of passing the vote once again, the CBD industry continues to score victories. A month after the state of Minnesota legalized CBD products,, so too has North Carolina in a last minute victory for the state. On the last day before the deadline, Governor Roy Cooper obliged and signed the bill into official law. This means that as it stands, CBD and hemp are forever legal in the state of North Carolina.
It’s yet another victory for CBD-related companies as the world continues to draw a line between CBD and cannabis. While the jury is still out on the actual healing and treatment properties of CBD, it has more or less been proven that it is of no harm. What’s more important is that it is known that CBD has no impact on the user’s cognitive abilities as it lacks the psychoactive component known as THC.
Companies that continue to stand to gain from the strength of CBD include Endexx (OTC:EDXC), Charlotte’s Web (OTC:CWBHF), Jazz Pharmaceuticals (NASDAQ:JAZZ), Village Farms (NASDAQ:VFF), and Tilray (NASDAQ:TLRY), just to name a few. Endexx is an interesting investment at its current price levels as the company is also involved in the rapidly growing pet-CBD treatment industry. The company also added its shelves to more than 1800 retail locations across the country earlier this year.
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