Isodiol International Inc ISOLF

Just a matter of time...and patience

[Blackgoldexpert]

FDA approval of a CBD-based drug is likely to be a boon for the entire category, raising interest and acceptance of the cannabinoid as being safe and therapeutic. New Frontier Data predicts that the overall U.S. CBD market will increase more than 422% over the next five years to $1.9 billion: A substantial portion of the projected growth will come from the pharmaceutical channel (Epidiolex, which New Frontier projects could reach $625 million in 2022), but even excluding Epidiolex, the data firm projects continued growth, with hemp-derived products increasing 240% and marijuana-derived products growing 265%. Several analysts are even more optimistic than New Frontier on the prospects for the drug, with some suggesting peak sales could exceed $1 billion. While there have been some concerns in the industry that GW Pharma might take action to block the sale of CBD by other providers upon approval of Epidiolex by the FDA, we believe this is not the case based on many discussions we have had with the company over the years. Spokesperson Steven Schultz suggested that the goal of GW Pharma is to offer a pharmaceutical alternative to the existing market, one that would allow patients to obtain Epidiolex under physician care and through pharmacies, similar to other FDA-approved medicines. Sellers of CBD already face a risk of enforcement by the FDA if they make unsubstantiated health claims. Most recently, the FDA issued warning letters last year to several companies marketing CBD products for treatment or prevention of cancer. We expect that GW Pharma could pursue CBD product suppliers who make health claims with respect to epilepsy. Attorney Bob Hoban of Hoban Law Group sees limited impact to dispensaries selling cannabis-based products or to sellers of CBD from industrial hemp.